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Did COMEX Gold Futures 'Glitch' Hint At The Future Awaiting Us?

Tyler Durden's picture




 

Call it a fat-finger, or a deus ex 'aurum' machina, but during this morning's COMEX gold futures trading, we wonder if the obvious 'glitch' gave us a premonition of things to come?

 

The obvious glitch

 

(h/t Chris G)

 

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Thu, 10/11/2012 - 13:30 | 2878023 AL_SWEARENGEN
AL_SWEARENGEN's picture

Coming to a stagflation depression near you SOON.

Thu, 10/11/2012 - 13:32 | 2878038 SilverTree
Thu, 10/11/2012 - 13:36 | 2878065 pupton
pupton's picture

Shit!  How does that happen to two separate commodities at the same time? 

Thu, 10/11/2012 - 13:40 | 2878088 ParkAveFlasher
ParkAveFlasher's picture

Why wouldn't it happen?  Commodities are tied together by the same "trading" complex.  At least, that's how it smells to me.

Thu, 10/11/2012 - 13:41 | 2878095 idea_hamster
idea_hamster's picture

c

Thu, 10/11/2012 - 13:44 | 2878100 TruthInSunshine
TruthInSunshine's picture

Spot Krugmanrand prices went batshit crazy about 10 minutes ago, too! Called my guy on the LFME (London Faux Metal Exchange) and he told me he had no clue what was up.

Long Tungsten!

Quantitative Diarrhea FTMFL.

 

 

*Krugmanrand: A gold colored powder-coated round, composed of 10% tin and 90% nano-coated bullshit particles, bearing the slogan "In Diocletian We Trust" and "To Infinity & Beyond!" on one side, alongside "CTRL+P," and having the other side enscribed with "What, Me Worry?" alongside an engraved likeness of one Ben S. Bernanke (Shakey McShakester).

Thu, 10/11/2012 - 13:46 | 2878114 idea_hamster
idea_hamster's picture

[^^ post fail]

 

Probably a Y2K-like test.

CME probably only had a 4-digit price parameter (+2 decimal places) for gold.

Now they realize that it should be at least 5, perhaps 6 digits.  So they fixed it, just like we all upgraded to make sure our computers didn't roll back to 1900.

They had to roll it out sometime -- nothing like an early AM test.

(OK -- </sarc> I think it's pretty clear that someone didn't put in the decimal, but it's good to know that the system is, in fact, ready for $99,999.99/oz. gold if not more!)

 

Thu, 10/11/2012 - 13:48 | 2878131 nope-1004
nope-1004's picture

My first thought was "why x10"?  Why not /10?  If Comex were in control, wouldn't they err on the divisible side?

Hmmmm......

 

Thu, 10/11/2012 - 14:00 | 2878186 smlbizman
smlbizman's picture

i noted this same type of activity on netdania charts for silver on 10-4 at at 17:21, than again on 10-9 and again at exactly 17:21.........the charts were cleaned up the next day and only was detectible on the 5 min chart....the first event lasted 40 mins...and the price travelled from 34.60 ,34.605 and 34.61...than regained its pre event  price of a little over 35.00....the second event lasted only briefly like 2 mins, but it took silver from 33.86 down to 33.06ish....than back to were it was...

Thu, 10/11/2012 - 14:10 | 2878246 strannick
strannick's picture

I didnt expect to see that gold price til late 2013, but sometimes my timings a bit off.

Thu, 10/11/2012 - 14:29 | 2878332 malikai
malikai's picture

It's really odd that they should be messing with the multiple right now. That's the sort of thing you do once and never touch again.

Thu, 10/11/2012 - 14:42 | 2878385 Kitler
Thu, 10/11/2012 - 14:43 | 2878396 12ToothAssassin
12ToothAssassin's picture

Freudian slip

Thu, 10/11/2012 - 15:07 | 2878492 asteroids
asteroids's picture

Nah, I suspect a probing "ping" by someone to see how market players and their algorithms would react to a sudden spike in gold. The "fat finger" parties should be published. Hey, you got nothing to hide eh?

Thu, 10/11/2012 - 15:15 | 2878534 BaBaBouy
BaBaBouy's picture

Glitch My A$$ ...

The Resident "SELLER" Just Stepped Out For A Few Minutes...

Thu, 10/11/2012 - 14:54 | 2878430 ParkAveFlasher
ParkAveFlasher's picture

And, for all you systems guys, why not do such a supposed test on Saturday night at 2am when it affects no one?

Thu, 10/11/2012 - 16:42 | 2878840 malikai
malikai's picture

Some things you can't do outside of production..

This is not one of them.

Thu, 10/11/2012 - 14:28 | 2878330 The Count
The Count's picture

Sounds like the more common taking out the stops action to me.

Thu, 10/11/2012 - 13:52 | 2878149 Patriot Eke
Patriot Eke's picture

Just remember that when this does happen, it is the value of the US Dollar dropping, not the value of the gold increasing.  The gold will still buy you the same things it bought before for the most part.

Thu, 10/11/2012 - 13:56 | 2878167 redpill
redpill's picture

Except for pre-existing debt, of course.  Pay off the house with a few gold American Eagles?  Sure.

 

Thu, 10/11/2012 - 14:00 | 2878180 TruthInSunshine
TruthInSunshine's picture

At least U.S. taxpayers will get dibs on the highly valuable portfolio of assets held by The Federal Reserve.

 

 

/sarc

Thu, 10/11/2012 - 22:38 | 2878827 Ag Tex
Ag Tex's picture

Except for pre-existing debt, of course.  Pay off the house with a few gold American Eagles?  Sure.

 

....or ten silver eaglesTwo rolls of silver eagles will afford you a very nice ranch. 

 

http://www.youtube.com/watch?v=hZl902JEJZc

Thu, 10/11/2012 - 14:00 | 2878182 ParkAveFlasher
ParkAveFlasher's picture

That's just the nominal debt stuff.

Let's not forget that in the event of space needle in one commodity, say over the course of weeks, as has happened, not every single price in the economy suddenly adjusts itself accordingly.  The real gains are made in an environment of price controls, which btw, are never explicitly announced. 

Thu, 10/11/2012 - 14:02 | 2878192 Dr. Richard Head
Dr. Richard Head's picture

7 oz of silver would have sealed the deal for me and my neighbors.  The neighbors have more guns than I do, so I wouldn't mind paying off their houses. 

Thu, 10/11/2012 - 14:37 | 2878373 jekyll island
jekyll island's picture

Long Debt, bitchez! Oh.....

Thu, 10/11/2012 - 14:59 | 2878456 Harbanger
Harbanger's picture

Then you should refinance your house with the new low fixed rates and buy more pm's.  Beware you will immediately fall into a higher tax bracket when you sell your pm's.

Thu, 10/11/2012 - 15:49 | 2878675 ATM
ATM's picture

Pay off debt with gold? Hell no.

I'll pay it off with paper, thank you very much.

Thu, 10/11/2012 - 15:56 | 2878698 ATM
ATM's picture

Pay off debt with gold? Hell no.

I'll pay it off with paper, thank you very much.

Thu, 10/11/2012 - 14:20 | 2878296 Tango in the Blight
Tango in the Blight's picture

They always say you always could but a nice tailor made suit for one gold ounce. Could you buy a nice tailor made suit for 270 bux in the year 2000? Never saw deals like that back then.

Thu, 10/11/2012 - 21:02 | 2879345 mjcOH1
mjcOH1's picture

"They always say you always could but a nice tailor made suit for one gold ounce. Could you buy a nice tailor made suit for 270 bux in the year 2000? Never saw deals like that back then."

Made in China.   Look just like Books Bothers.

Thu, 10/11/2012 - 14:06 | 2878212 DoChenRollingBearing
DoChenRollingBearing's picture

@ idea_hamster

FOFOA has a revised possible future price of $100,000 / oz.

What do the computers at the CME do with that?

Thu, 10/11/2012 - 15:05 | 2878481 DeadFred
DeadFred's picture

When, not if, gold gets to that level will they still be using dollars? 50:50 odds I think.

Thu, 10/11/2012 - 13:47 | 2878126 SafelyGraze
SafelyGraze's picture

that's 17,716 in the *old* dollars, duh

Thu, 10/11/2012 - 13:55 | 2878163 ONO47
ONO47's picture

As long as Wells Fargo takes my "old dollars" to pay off my mortgage.

Thu, 10/11/2012 - 14:11 | 2878234 TruthInSunshine
TruthInSunshine's picture

Get Some!

 

 

Thu, 10/11/2012 - 15:34 | 2878611 Harbanger
Harbanger's picture

That's a good question.  I'm sure they won't give you "old dollars" out of your savings account, they will readjust the value to the new money.

Thu, 10/11/2012 - 14:17 | 2878279 NoTTD
NoTTD's picture

Love the Krugmanrand.

Thu, 10/11/2012 - 13:42 | 2878098 Stackers
Stackers's picture

12 / 21 / 12 biatches

Thu, 10/11/2012 - 13:46 | 2878120 Cognitive Dissonance
Cognitive Dissonance's picture

 10 / 11 / 12

Thu, 10/11/2012 - 13:57 | 2878173 redpill
redpill's picture

Wrote that on a check this AM and realized it too

Thu, 10/11/2012 - 14:06 | 2878213 Cognitive Dissonance
Cognitive Dissonance's picture

Mrs. Cog pointed it out to me this morning.

Thu, 10/11/2012 - 14:33 | 2878351 redpill
redpill's picture

After 12/13/14 we're gonna have a long wait before we can do it again!

Thu, 10/11/2012 - 15:17 | 2878542 saulysw
saulysw's picture

It is an american habit to express the date in the format MM/DD/YY. My opinion is that this is the worst of all possible choices. DD/MM/YY is more common here, and is more logical as it is from the smallest time unit to the largest (day->month->year). Better yet as it sorts numerically and alphabetically in date order is YYYY/MM/DD. Anyway, the point is that the order of these numbers is arbitrary, and any pattern in them is insignificant. It shows small mindedness to assume that the american way of expressing the date is the only way, and that it hold any significance. There -- I said it!

Thu, 10/11/2012 - 15:51 | 2878683 Harbanger
Harbanger's picture

It's not the only way.  It's the same reason you're writing here in english.  An equal number of people express dates in reigns, lunar months and days.

Thu, 10/11/2012 - 19:57 | 2879200 Eternal Complainer
Eternal Complainer's picture

Yes but,

Oct 11 2012

The format stays constant! IMO

10/11/12

Proper date syntax

Thu, 10/11/2012 - 21:39 | 2879433 saulysw
saulysw's picture

Yes but,

11 Oct 2012

The format stays constant! IMO

11/10/12

Proper date syntax

(See what I did there?)

Thu, 10/11/2012 - 20:40 | 2879289 kekekekekekeke
kekekekekekeke's picture

I was really disappointed with Justin Bieber's tweet what is that Amerikan hegemony corrupting him???

Thu, 10/11/2012 - 14:09 | 2878241 waterwitch
waterwitch's picture

10/11/12 13:14:15 (only once!)

Thu, 10/11/2012 - 18:38 | 2879061 SilverDOG
SilverDOG's picture

SKYNET BITCHEZ!

Thu, 10/11/2012 - 13:56 | 2878169 HellFish
HellFish's picture

Same dummy entering Au and Ag prices confuses and comma with a decimal point.  (Friggin Eurotrash)  LOL

Thu, 10/11/2012 - 15:08 | 2878500 LeisureSmith
LeisureSmith's picture

Over at oil-price.net copper is up 999100%. Uber glitchy. http://www.oil-price.net/

Thu, 10/11/2012 - 13:49 | 2878111 nope-1004
nope-1004's picture

Nice avatar Silver Tree.  But personally I'm sick of looking at your inability to upload a picture everytime you post.

Just my rant for the day.

 

Thu, 10/11/2012 - 14:02 | 2878195 SilverTree
SilverTree's picture

I love you too!

Thu, 10/11/2012 - 14:32 | 2878345 MrSteve
MrSteve's picture

Mr. Nope, FYI:

Only ZH contributors can upload images, Lowly Posters are only worthy enough to post links to images.

If SilverTree had grabbed a screen image and posted that to Flickr, the Flickr link would have shown the image he wanted to post instead of the updated, current MarketWatch price.

Thu, 10/11/2012 - 15:21 | 2878532 nope-1004
nope-1004's picture

Mr. Steve, FYI:

Do you know what an avatar is?  I'm referring to his avatar - I'm aware of the limitations for uploading images in the body of your post, but had you read it, you would understand I was referring to his avatar.  Thanks for the pointless lesson anyway. 

Thu, 10/11/2012 - 14:15 | 2878267 davinci7_gis
davinci7_gis's picture

Bring it on BABY!!!!

Thu, 10/11/2012 - 14:19 | 2878287 kito
kito's picture

great silvertree!!!!! now i can look forward to the $500 egg!!!!!!

 

please put things in perspective, THERE IS NO WAY THAT SILVER PRICES WOULD EVER GET THAT HIGH, A SYSTEMIC CRASH WOULD HAVE LONG PASSED.........and if that inflationary collapse happens, you better start forecasting the value of your silver in terms of other tangible items.......

 

 

Thu, 10/11/2012 - 15:32 | 2878599 Randall Cabot
Randall Cabot's picture

WTI hit $9294!!! $400 for a gallon of gas, YIKES!!!

http://www.marketwatch.com/

Thu, 10/11/2012 - 16:19 | 2878773 Deo vindice
Deo vindice's picture

SilverTree says - Silver $35,000 oz!

You also said it would be $40.00 by last Friday. Your "optimism" makes you totally unbelievable.

Give it a break already. You give legitimate silver stackers a bad rep.

Thu, 10/11/2012 - 17:04 | 2878896 OldPhart
OldPhart's picture

Oil was a shocker, too.  The State of California shit it's collective pants.

Thu, 10/11/2012 - 13:32 | 2878039 redpill
redpill's picture

Who knew barbarous relics could get so pricey?

Thu, 10/11/2012 - 13:38 | 2878073 ParkAveFlasher
ParkAveFlasher's picture

Tell you what, if gold x10 and silver x50 happen, I will be a one man fuckin currency velocity velociraptor.  What is that, M2 , M3, M60 Rambo-style?!

Thu, 10/11/2012 - 14:01 | 2878189 farragut
farragut's picture

lol, thx, Flasher! I got a great laugh outta this!

Thu, 10/11/2012 - 14:22 | 2878302 ParkAveFlasher
ParkAveFlasher's picture

I'm a clown. 

In reality, I have this nagging feeling that if Silver ever spiked liked that, it would happen for a single contract for like .0000002 seconds, two parties would engage in it shutting all others out with some kind of market cancelling mechanism, and the physical act of trading the silver would be accomplished by switching name tags over their respective vaults. 

Thu, 10/11/2012 - 13:35 | 2878063 Badabing
Badabing's picture

Just like recalibrating the gas pumps for the extra digit.

Thu, 10/11/2012 - 13:46 | 2878124 kaiten
kaiten's picture

Back to the future.

Thu, 10/11/2012 - 13:31 | 2878030 blunderdog
blunderdog's picture

I sold at $17,504.  Damn, I didn't wait for the top.

Thu, 10/11/2012 - 13:33 | 2878047 CPL
CPL's picture

Put in your trailing stop loss.  lol!

Thu, 10/11/2012 - 15:22 | 2878561 BreadnH2O
BreadnH2O's picture

Damn it... it's BTFD! Not sell on it...

Thu, 10/11/2012 - 13:31 | 2878031 derek_vineyard
derek_vineyard's picture

this is legit glitch....price is multiplied by 10

but it could be karma

Thu, 10/11/2012 - 13:32 | 2878032 Dr. Engali
Dr. Engali's picture

That gave me wood just thinking about it.

Thu, 10/11/2012 - 13:32 | 2878033 Unprepared
Unprepared's picture

The machine is getting self-aware.

Thu, 10/11/2012 - 13:34 | 2878056 CPL
CPL's picture

I wish I could disagree with that statement.

Thu, 10/11/2012 - 13:37 | 2878068 Bay of Pigs
Bay of Pigs's picture

Glitch? ZH was down all morning. Look at the numbers of comments and reads. There was nobody here.

There are problems on the net all over the world. No story and no explanation anywhere that I've seen so far...

Thu, 10/11/2012 - 13:38 | 2878079 ParkAveFlasher
ParkAveFlasher's picture

YES

Thu, 10/11/2012 - 13:45 | 2878108 Cognitive Dissonance
Cognitive Dissonance's picture

This is a test. This is only a test.

<Cus if no one acknowledges it.....it didn't really happen.>

We now return you to your regular conditioning programming already in progress.

Thu, 10/11/2012 - 13:57 | 2878152 CrockettAlmanac.com
CrockettAlmanac.com's picture

If there had been an actual emergency you would have been instructed where to tune in your area for news and official information left completely in the dark.

 

Edit: Why does the line through text option work for CD but not for me?

Thu, 10/11/2012 - 14:08 | 2878226 Cognitive Dissonance
Cognitive Dissonance's picture

Cus you're doing it wrong? :)

Write the word, then highlight it, then hit the button. At least that's how I do it wrong.

Thu, 10/11/2012 - 14:10 | 2878245 CrockettAlmanac.com
CrockettAlmanac.com's picture

Doesn't work for me. I even looked at the html in your post and compared it to mine. No diff but yours displays and mine doesn't.

 

This is not struck out although it should be.

Thu, 10/11/2012 - 14:31 | 2878341 Cognitive Dissonance
Cognitive Dissonance's picture

If you are using Internet Explorer try running ZH in compatibility mode. I have found that doing so often fixes spooky action at a distance. :)

http://en.wikipedia.org/wiki/Quantum_entanglement

Thu, 10/11/2012 - 14:32 | 2878348 CrockettAlmanac.com
CrockettAlmanac.com's picture

Firefox here.

Thu, 10/11/2012 - 14:33 | 2878354 Cognitive Dissonance
Cognitive Dissonance's picture

Then if I were you I would check to see if you're on the "No Fly" list or if the NSA/CIA/FBI/DOD is up your bum. :)

Thu, 10/11/2012 - 15:26 | 2878575 CPL
CPL's picture

Lol, I would concur but TPTB all got clobbered as well in every language across the northern hemisphere all the way to China.

Everyone is at the sharing/troubleshooting/translating messages/reading logs stage now.  Something is out of it's cage.  Size of it, shape of it, the speed it moves.   Never seen anything like it.

Thu, 10/11/2012 - 14:59 | 2878454 mick_richfield
mick_richfield's picture

Also running firefox, 3.6.24

Let me try it:   This Text Is Struck Out.

Thu, 10/11/2012 - 15:00 | 2878464 mick_richfield
mick_richfield's picture

How about that.

SACRILEGE !    bugalert.

Thu, 10/11/2012 - 18:01 | 2878988 Umh
Umh's picture

It is frustrating to have the feature "available" if it doesn't work. When I've tried several of the features that are "available" for marking up comments; they seem to take, but don't show up in the actual post.

<span style="text-decoration: line-through;">work</span>

 

Interesting enough if I go back and edit a post it still shows up while in the editing software.

 

 

 

Thu, 10/11/2012 - 14:59 | 2878452 Bear
Bear's picture

Is this how it works      No?

Thu, 10/11/2012 - 14:14 | 2878263 fuu
fuu's picture

CD is a contributor and gets to have all the comment fun. He can post pictures as well!

Thu, 10/11/2012 - 14:28 | 2878329 Cognitive Dissonance
Cognitive Dissonance's picture

I suspect things have changed here on ZH. Before I was a contributor I could still use that feature. It was one of the tools displayed in the "comment" box.

Thu, 10/11/2012 - 14:29 | 2878334 walküre
walküre's picture

what is this world coming to?

Thu, 10/11/2012 - 14:41 | 2878388 fuu
fuu's picture

I can see the strikeout button but it doesn't work in FF, Chrome, or IE.

Thu, 10/11/2012 - 14:46 | 2878401 Cognitive Dissonance
Cognitive Dissonance's picture

There's your problem. I use the Atari 2600. :)

Old School

Thu, 10/11/2012 - 15:02 | 2878467 fuu
fuu's picture

I have a 54 node beowulf cluster of those in the basement that are busy ray tracing the fall of Building 7.

Thu, 10/11/2012 - 15:27 | 2878578 CPL
CPL's picture

I connect using my voice acting as a 56.6k modem and a dollar store LCD watch.  Bleeding edge baby.

Thu, 10/11/2012 - 15:31 | 2878595 fuu
fuu's picture

Captain is that you?!?

Thu, 10/11/2012 - 13:46 | 2878125 akak
akak's picture

 

There are problems on the net all over the world. No story and no explanation anywhere that I've seen so far...

And in the last few weeks, my connection to, and ability to post on, ZeroHedge has been almost agonizingly slowed down --- sometimes just opening up an article can take two or three minutes.  Has anyone else been noticing the same kind of thing as well?

Thu, 10/11/2012 - 13:48 | 2878134 redpill
redpill's picture

The unemployment claims story was linked on Drudge Report, so performance went to hell after that.

Thu, 10/11/2012 - 13:56 | 2878156 akak
akak's picture

Seriously, though, I have to wonder --- is this maybe how "subversive" anti-establishment websites and "subversive" commentators are going to be fought by those in power?  Not by outright shutting them down, or censoring them, but merely by effectively pushing them off the internet by slowing them down to the point that frustration kills their willingness to engage in dialogue or information exchange?

Thu, 10/11/2012 - 14:15 | 2878177 Sock Puppet
Sock Puppet's picture

Yes, you figured it out.  We now have to go to plan B.

I have a couple of well seasoned ZH avatars for sale also.

Edit* No one going to take the bait?  Bunch of Pansies.

Thu, 10/11/2012 - 14:32 | 2878347 The Shootist
The Shootist's picture

Mitt Drudge linked to ZH? He doesn't do that very often.

Thu, 10/11/2012 - 15:19 | 2878549 I only kill chi...
I only kill chickens and wheat's picture

Always have the IP addr's of sites you like in case someone screws with the DNS servers.

178.209.48.13

Thu, 10/11/2012 - 15:52 | 2878610 Sock Puppet
Sock Puppet's picture

You talkin to me?

BTW the IP address you logged belongs to Tylers in Switzerland.

Thu, 10/11/2012 - 14:08 | 2878194 CrockettAlmanac.com
CrockettAlmanac.com's picture

Trouble loading this AM with no ability to post or vote. It has all the earmarks of a DOS attack. Probably the Iranians.

Thu, 10/11/2012 - 13:52 | 2878147 A Lunatic
A Lunatic's picture

This morning yes, not so much otherwise although yesterday while viewing ZH on the only open window on my PC Firefox suddenly went into safe mode with no explanation. There is no record of any event in my logs so I'm not sure what to think.

Thu, 10/11/2012 - 14:04 | 2878207 BudFox2012
BudFox2012's picture

That was just me stealing your hi-fi for free...

Thu, 10/11/2012 - 14:07 | 2878220 XitSam
XitSam's picture

Nope. Same fairly speedy performance for months.

Thu, 10/11/2012 - 14:25 | 2878316 NoTTD
NoTTD's picture

And here was a squirrel in my bahtroom last week.  These events must be connected.

Thu, 10/11/2012 - 19:29 | 2879144 jomama
jomama's picture

might want to give https://www.ghostery.com/ a run.  you'd be surprised how many things come through for ZH,

Thu, 10/11/2012 - 14:00 | 2878184 JimBowie1958
JimBowie1958's picture

Obviously, if it cannot be explained, the CIA must have done it.

Or Mossad.

Or Freemasons from their secret base on the far side of the moon.

/sarc

lolol

Thu, 10/11/2012 - 14:10 | 2878217 akak
akak's picture

Obviously, if the corporate-controlled, pro-establishment, pro-status-quo ... er, "mainstream" ... media did not report it, then it never happened, or is just another "conspiracy theory".  If it is real or important, "they" will always tell us, right?  Yeah, that's it.

Thu, 10/11/2012 - 14:23 | 2878308 CrockettAlmanac.com
CrockettAlmanac.com's picture

Faulty reasoning. The media never reported Kermit the Frog's involvement in the Kennedy assassination but that doesn't make it true. Basic.

Thu, 10/11/2012 - 14:58 | 2878446 UGrev
UGrev's picture

.gov turned on their AI> 

Thu, 10/11/2012 - 13:32 | 2878035 BKbroiler
BKbroiler's picture

man I saw that this morning and almost shit my pants.  a man can hope...

Thu, 10/11/2012 - 13:52 | 2878150 Mad Mohel
Mad Mohel's picture

If I had seen it real time, I would have dropped a load too but not of shit.

Thu, 10/11/2012 - 21:08 | 2879360 mjcOH1
mjcOH1's picture

"man I saw that this morning and almost shit my pants.  a man can hope..."

It's all fun and games until you pull into the Quck-E-Mart and gas is $46.19/gal.

 

Thu, 10/11/2012 - 13:32 | 2878036 fiftybagger
Thu, 10/11/2012 - 13:36 | 2878066 old naughty
old naughty's picture

You had it at 10:1. Didn't someone say historically, it standardized at 16:1?

Thu, 10/11/2012 - 13:45 | 2878116 Death and Gravity
Death and Gravity's picture

Yes, Eric Sprott holds that to be true.

Thu, 10/11/2012 - 15:06 | 2878460 SilverRhino
SilverRhino's picture

Some Silver to Gold Ratios (Hope it helps)

 

  • Historical ratio: 16:1 
  • World Production ratio: ~ 10:1 
  • Abundance in Earth's crust: 24:1 
  • Abundance in Meteroites : 1.2:1 
  • Abundance in the Universe: 1:1 

 

Thu, 10/11/2012 - 21:39 | 2879437 old naughty
old naughty's picture

Which universe in the multiverses you're talking about?

I will take the 1776 since it is such a good number...
and a good year (a very good year) even with the mess we are in.

Thu, 10/11/2012 - 13:33 | 2878044 Dr. Richard Head
Dr. Richard Head's picture

It would have been great had the price been $17,7600.

Thu, 10/11/2012 - 13:45 | 2878115 imaginalis
imaginalis's picture

The last time you won the Ryder Cup

Thu, 10/11/2012 - 13:47 | 2878130 Dr. Richard Head
Dr. Richard Head's picture

I care about that as much as I care about Honey Boo Boo.  I have a ballerina shitting into a bucket that is more interesting to me than both - https://twitter.com/i/#!/FamilyRotten/media/slideshow?url=pic.twitter.com%2Ftoz6i0CE

Thu, 10/11/2012 - 13:33 | 2878048 Big Corked Boots
Big Corked Boots's picture

Truth leak!

Thu, 10/11/2012 - 13:33 | 2878050 disabledvet
disabledvet's picture

If it read "17760" then it would have been too obvious. Still..."just the thought of the number gets though speculative juices flowin" eh? Make you want to say "what else should I be buying...

Thu, 10/11/2012 - 13:34 | 2878051 slackrabbit
slackrabbit's picture

Develuation by 10 - nice round number and easy for everyone to implement....Comex hope and change...

Thu, 10/11/2012 - 13:34 | 2878055 SIOP
SIOP's picture

The spikes in the chart are still there..  :)

http://www.marketwatch.com/investing/future/GCZ2?link=MW_story_quote

 

Thu, 10/11/2012 - 14:03 | 2878087 Dr. Richard Head
Dr. Richard Head's picture

Silver spiked niceley for hours, last I looked - http://www.marketwatch.com/investing/future/SILVER

Thu, 10/11/2012 - 13:35 | 2878059 A Lunatic
A Lunatic's picture

Can of soup at local grocer opened up at 3.65/can. No fat finger involved.

Thu, 10/11/2012 - 17:49 | 2878987 BidnessMan
BidnessMan's picture

No kidding.  Last night at my regular grocery store - plain old Chicken Noodle soup was $1.69 a can.  Sheesh - when did it go above a dollar?

Thu, 10/11/2012 - 13:35 | 2878061 vote_libertaria...
vote_libertarian_party's picture

oil is having the same issue at MarketWatch today...$9200!!!

Thu, 10/11/2012 - 13:35 | 2878062 ParkAveFlasher
ParkAveFlasher's picture

Cheap thrillz, bitchez!

Thu, 10/11/2012 - 13:37 | 2878072 youngman
youngman's picture

It did not hit my stops.....and I have some very high ones...

Thu, 10/11/2012 - 13:39 | 2878084 ziggy59
ziggy59's picture

Any trades, especially shorts from PPT actually go through?

Thu, 10/11/2012 - 13:40 | 2878089 Missiondweller
Missiondweller's picture

I must not be too bright. Maybe ZH could explain further. Was this a "misquote"?? What is this?

Thu, 10/11/2012 - 13:40 | 2878090 blu
blu's picture

Ha ha! Have fun with this one guys! Wet dreams, baby.

Thu, 10/11/2012 - 13:42 | 2878091 TruthInSunshine
TruthInSunshine's picture

Waddell & Reed!

Thu, 10/11/2012 - 13:43 | 2878103 vegas
vegas's picture

long tungsten short gold; looks like trade of the decade.

 

http://vegasxau.blogspot.com

Thu, 10/11/2012 - 13:41 | 2878093 Fix It Again Timmy
Fix It Again Timmy's picture

Yowza! - today.  Yawnnnn... - in the future...  

Thu, 10/11/2012 - 13:53 | 2878154 El Viejo
El Viejo's picture

When FIAT bought Chrysler someone at the office went out and stuck a Fix It Again Tony 

Post It Note on a cohorts Dodge Pickup. He was not amused.

Thu, 10/11/2012 - 13:42 | 2878099 lolmao500
lolmao500's picture

AHHHHHHHHHH YEAH.

http://finance.yahoo.com/news/tapes-authorities-build-criminal-cases-101...

With Tapes, Authorities Build Criminal Cases Over JPMorgan Loss
Thu, 10/11/2012 - 13:43 | 2878102 LoneStarHog
LoneStarHog's picture

That was MillionDollarBonus finally joining the gold crowd and told his broker, "Get Me In At Any Price!"

Thu, 10/11/2012 - 13:43 | 2878104 Dr. Engali
Dr. Engali's picture

They will always tell you what they are going to do before they do it.

Thu, 10/11/2012 - 13:46 | 2878121 kalasend
kalasend's picture

Not a glitch. A Deja Vu. Something has just changed in the matrix.

Thu, 10/11/2012 - 13:49 | 2878142 Dealer
Dealer's picture

Glitchez, bitchez

 

Thu, 10/11/2012 - 13:52 | 2878151 walküre
walküre's picture

$17,716 is what I would call a good start to bring Alice back to Kansas.

Thu, 10/11/2012 - 14:48 | 2878411 MrSteve
MrSteve's picture

It's a  felony one crime in Kansas to conflate Alice in Wonderland (Britain) with Dorothy speaking to Toto (Land of Oz) regarding their whereabouts (location).

Land of Oz is an allegory for the gold vs. silver standard battle  in the USA when the gold standard replaced the silver standard in 1870s. Check out William Jennings Bryan and the Cross of Gold speech for more vital history. The silver interests felt cheated with the 16:1 rato.

http://www.pbs.org/wgbh/amex/1900/filmmore/reference/primary/crossofgold...

Or were you referring to Alice Cramer on the Honeymooners?

 

Thu, 10/11/2012 - 15:16 | 2878536 Jam Akin
Jam Akin's picture

Confusing Alice Kramden with the name Cramer would get your throat slit in my neck of the woods, mon.

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