it used to be the CBOT would have these wild spikes now tonight it looks like COMEX has it too ( wonder what the official high is 30 - 31 - 32 -33 - 34 -35 ) you would think with the millions raised in the IPO's they could come up with a better algorithm to handle these nutty moves when they occur ... no matter what the market yes of course the market usually adjusts back to where it should be or a retracement of the spikeroo ... but these events always leave me scratching my head ... what is going on here ?
we are all sitting ducks ... basically ... whenever this happens heck ... I am happy it happened ... I sold some gold $1-2 higher than I would have thought I could ... but I did not want to try and get greedy and go for more in case the prices were busted or lowered from their prints $3-4-5 higher than where I sold them
thanks for the update ... I am happy to see the right thing was done via COMEX ... and hope CBOT will be able to do the same in the future if they have spikes like comex GC did tonight