Anyone know if they are breaking those Silver trades

Discussion in 'Commodity Futures' started by stock777, Dec 12, 2005.

  1. tomcole


    You put your money down, you play the game.

    In 1987 meltdorn, Nikkei was offered at 500, with no takers for about 5 minutes.

    Yesterday the various gold/silver were trading like crazy. Was a great day.

    Hopefully gold wont tank back to 275 and go back to sleep for 20 years though
    #11     Dec 13, 2005
  2. Incredible that those trades in YI at -10% or more didn't get busted.

    Personally I noticed it right as it happened, put an order to buy YI but never transmitted it, as I was not sure beyond which price they would get busted by CBOT (i was sure they'd get busted, just not at what level).

    YI just stood there at -10% for MINUTES.
    #12     Dec 13, 2005
  3. that sucks, one reason not to trade the mini, I noticed the big elecytronic contract didn't spike down. Anyway silver seems to go down much faster than it goes up ( one reason i didn't get involved in it and was kicking myself for that until yesterday and today), any explanation for that ?
    #13     Dec 13, 2005
  4. Oh man, I wish I was trading at that time to have seen the Nikkei at 500, with no bids!!
    #14     Dec 13, 2005
  5. I just want to mention that I have been calling
    on the ecbot to see what can be done to reduce
    this type of thing ... all I can say is it sometimes even happens in gold too ... but not to such an extreme as what happened in silver on the ecbot

    #15     Dec 14, 2005
  6. tomcole


    Keep in mind that when the Dow dropped 500 points that day, people were stunned. There was serious talk by serious people of major brokers not honoring trades and major banks trying to figure out what their exposure to each other was, before trading anything in Asia that night etc etc. People were really scared about a meltdown.

    Of course, the world marched on and all the great trades are but a memory.

    I think it was a Shearson Tokyo broker who started the buying actually that pushed Nikkkei back up, dont remember 100% though - getting old.

    Another interesting factoid, was that diamond prices popped higher quicker than gold.
    #16     Dec 14, 2005
  7. sprstpd


    Excuse me for being ignorant, but how do you trade diamonds?
    #17     Dec 14, 2005
  8. tomcole


    You go to a diamond merchant and buy some very high quality stones
    #18     Dec 14, 2005
  9. looks like gold ZG had some nutty action shortly after 8:30 am EST

    dropped $5-10 on up to 200+ contracts

    came back to the figure within a minute

    somebody has got to do something about

    this ... its dangerous ...

    #19     Dec 22, 2005
  10. You're right - that is ridiculous. If they don't correct/bust that abberation I wouldn't go near zg with a 40 foot barg pole.
    #20     Dec 22, 2005