can anyone confirm the approx highs made this am after comex opened ? ( i.e. 8:20 am gold and 8:25 am for silver ) something like march 2007 silver @ $14.00 and april 2007 gold @ $670.80 is what I am seeing but my usual data vendor is also giving me some bad data pre 9:30 am EST
Maybe I should go back to ECBOT -- that spike higher today at 12:55 EST hit 703.1 but didn't show on NYMEX/COMEX gold (on GLOBEX). Anyone know what the hell happened there? Just another ECBOT bug? Should we just be happy it didn't crash for 3 days again??? SSB P.S. CME when you finish buying CBOT I've got some suggestions for the ECBOT platform -- most involve a hammer and/or drop from a large building...
I THINK WHAT HAPPENS IS A CTA WHO USES TT put in stop order but when you put in a stop order it takes the stop price and creates a limit way out of the mkt so u automaticaly get filled on 1000 of lots, it will run the price way up that is what happened
yuck ... and I thought today's afternoon trade in comex and ecbot silver was nuts with a "spike down" to $13.51 and then zipped up to $13.65 tonight in GC ( comex ) trade ( pre - ECBOT open ) a massive "dump" hit the market and then a "spike" higher ... prices all over the place wonder if the CME will adjust etc anything gosh ... this reminds me of the SPOOS a few months ago when they hit stops and rallied 20 handles and then drifted lower overnight back to the area they had been in I do not think the CME at that time did anything
based on the "spot market" I wonder if there is a chance an adjustment would be in order or some trades busted .... sheesh ... my hedged position could be "naked" if something gets busted glad it is only a teeny position :eek:
I just realized ... shortly after the ECBOT opened this evening YG ( mini gold ) went nuts too ... sheesh ... two different exchanges - different platforms different times ... same result ... a mess maybe the "merger" of CBOT AND CME if approved will result in less of these events happening ? I wanted to buy some YG myself but by the time I figured out where the market was ... it "adjusted" back to where it needed to be ...