hi seth arb .... what do you mean when you say that - fat fingers?? just curious.... i am amazed at what a hard time silver is having catching a bid. seems to be a wall around 11.50-11.70
"fat finger" can mean someone sold or bought at a price way different than where the market was , perhaps due to a keystroke error but in this case ... it was just the "hidden stops" elected at a certain price level ... that triggered more stops I guess ... and drove the YI overnight to $10.90 print now if the ECBOT let those prints stand way down there I do not know ... but the crazy thing is in this afternoon's trading the YI got down to that area on legitimate prints * eureka * new system ... holy grail *
From Platts: "The non-commercials, or hedge funds, continued to amass long positions in the crude oil complex on NYMEX, according to the latest Commodity Futures Trading Commission report. The non-commercials added an additional 6,936 lots as of last week taking the total long position to 94,320 contracts." Updated: 07/17/06 I wonder if these are long-only, long-term, crude investments, or hot money that will sell if crude looks weak. In any case, the commercials continued to sell into the rally. Aaron Schindler Schindler Trading
Hi SethArb.. I spoke with you before. . .Do you mine if I send you a pm, I just want to ask you a few ques. about silver? Thanks, cml2949
IMO there might be a bearish divergence on daily developing, certainly looks that way, previous bullish one has worked out based on probability, BUT not in my books.
good news for ECBOT metals traders http://www.cbot.com/cbot/pub/cont_detail/0,3206,1036+40478,00.html
the gold - silver ratio has come in hard late last week maybe some silver shorts are covering some silver but hedging by selling gold ?
LOL ... well all that buy silver sell gold nonsense ended today at least for the short term on another silver related topic I saw "something I do not see everyday ... huge size in YI ... and it actually pushed the market higher in post comex close trading