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Did COMEX Gold Futures 'Glitch' Hint At The Future Awaiting Us?
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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Coming to a stagflation depression near you SOON.
Silver $35,000 oz!
http://www.marketwatch.com/investing/future/SILVER
Shit! How does that happen to two separate commodities at the same time?
Why wouldn't it happen? Commodities are tied together by the same "trading" complex. At least, that's how it smells to me.
c
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).
[^^ 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!)
My first thought was "why x10"? Why not /10? If Comex were in control, wouldn't they err on the divisible side?
Hmmmm......
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...
I didnt expect to see that gold price til late 2013, but sometimes my timings a bit off.
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.
And platinum at a mere $16k...
http://www.marketwatch.com/investing/future/PLATINUM
Copper at 37500
http://www.marketwatch.com/investing/future/COPPER
WTF?
Freudian slip
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?
Glitch My A$$ ...
The Resident "SELLER" Just Stepped Out For A Few Minutes...
And, for all you systems guys, why not do such a supposed test on Saturday night at 2am when it affects no one?
Some things you can't do outside of production..
This is not one of them.
Sounds like the more common taking out the stops action to me.
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.
Except for pre-existing debt, of course. Pay off the house with a few gold American Eagles? Sure.
At least U.S. taxpayers will get dibs on the highly valuable portfolio of assets held by The Federal Reserve.
/sarc
Except for pre-existing debt, of course. Pay off the house with a few gold American Eagles? Sure.
....or ten silver eagles. Two rolls of silver eagles will afford you a very nice ranch.
http://www.youtube.com/watch?v=hZl902JEJZc
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.
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.
Long Debt, bitchez! Oh.....
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.
Pay off debt with gold? Hell no.
I'll pay it off with paper, thank you very much.
Pay off debt with gold? Hell no.
I'll pay it off with paper, thank you very much.
Potato, potahto - http://iheartjimmy.wordpress.com/2010/02/27/potato-potahto/
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.
"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.
@ idea_hamster
FOFOA has a revised possible future price of $100,000 / oz.
What do the computers at the CME do with that?
When, not if, gold gets to that level will they still be using dollars? 50:50 odds I think.
that's 17,716 in the *old* dollars, duh
As long as Wells Fargo takes my "old dollars" to pay off my mortgage.
Get Some!
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.
Love the Krugmanrand.
12 / 21 / 12 biatches
10 / 11 / 12
Wrote that on a check this AM and realized it too
Mrs. Cog pointed it out to me this morning.
After 12/13/14 we're gonna have a long wait before we can do it again!
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!
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.
Yes but,
Oct 11 2012
The format stays constant! IMO
10/11/12
Proper date syntax
Yes but,
11 Oct 2012
The format stays constant! IMO
11/10/12
Proper date syntax
(See what I did there?)
I was really disappointed with Justin Bieber's tweet what is that Amerikan hegemony corrupting him???
10/11/12 13:14:15 (only once!)
SKYNET BITCHEZ!
Same dummy entering Au and Ag prices confuses and comma with a decimal point. (Friggin Eurotrash) LOL
Over at oil-price.net copper is up 999100%. Uber glitchy. http://www.oil-price.net/
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.
I love you too!
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.
http://www.flickr.com/photos/wmode/3349947025/sizes/l/in/photostream/
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.
Bring it on BABY!!!!
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.......
WTI hit $9294!!! $400 for a gallon of gas, YIKES!!!
http://www.marketwatch.com/
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.
Oil was a shocker, too. The State of California shit it's collective pants.
Who knew barbarous relics could get so pricey?
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?!
lol, thx, Flasher! I got a great laugh outta this!
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.
Just like recalibrating the gas pumps for the extra digit.
Back to the future.
I sold at $17,504. Damn, I didn't wait for the top.
Put in your trailing stop loss. lol!
Damn it... it's BTFD! Not sell on it...
this is legit glitch....price is multiplied by 10
but it could be karma
That gave me wood just thinking about it.
The machine is getting self-aware.
I wish I could disagree with that statement.
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...
YES
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.
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?
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.
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.
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
Firefox here.
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. :)
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.
Also running firefox, 3.6.24
Let me try it: This Text Is Struck Out.
How about that.
SACRILEGE ! bugalert.
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.
Is this how it works No?
CD is a contributor and gets to have all the comment fun. He can post pictures as well!
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.
what is this world coming to?
I can see the strikeout button but it doesn't work in FF, Chrome, or IE.
There's your problem. I use the Atari 2600. :)
I have a 54 node beowulf cluster of those in the basement that are busy ray tracing the fall of Building 7.
I connect using my voice acting as a 56.6k modem and a dollar store LCD watch. Bleeding edge baby.
Captain is that you?!?
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?
The unemployment claims story was linked on Drudge Report, so performance went to hell after that.
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?
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.
Mitt Drudge linked to ZH? He doesn't do that very often.
Always have the IP addr's of sites you like in case someone screws with the DNS servers.
178.209.48.13
You talkin to me?
BTW the IP address you logged belongs to Tylers in Switzerland.
Trouble loading this AM with no ability to post or vote. It has all the earmarks of a DOS attack. Probably the Iranians.
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.
That was just me stealing your hi-fi for free...
Nope. Same fairly speedy performance for months.
And here was a squirrel in my bahtroom last week. These events must be connected.
might want to give https://www.ghostery.com/ a run. you'd be surprised how many things come through for ZH,
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
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.
Faulty reasoning. The media never reported Kermit the Frog's involvement in the Kennedy assassination but that doesn't make it true. Basic.
.gov turned on their AI>
man I saw that this morning and almost shit my pants. a man can hope...
If I had seen it real time, I would have dropped a load too but not of shit.
"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.
Silver 1776!
http://www.brotherjohnf.com/
You had it at 10:1. Didn't someone say historically, it standardized at 16:1?
Yes, Eric Sprott holds that to be true.
Some Silver to Gold Ratios (Hope it helps)
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.
It would have been great had the price been $17,7600.
The last time you won the Ryder Cup
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
Truth leak!
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...
Develuation by 10 - nice round number and easy for everyone to implement....Comex hope and change...
The spikes in the chart are still there.. :)
http://www.marketwatch.com/investing/future/GCZ2?link=MW_story_quote
Silver spiked niceley for hours, last I looked - http://www.marketwatch.com/investing/future/SILVER
Can of soup at local grocer opened up at 3.65/can. No fat finger involved.
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?
oil is having the same issue at MarketWatch today...$9200!!!
Cheap thrillz, bitchez!
It did not hit my stops.....and I have some very high ones...
Any trades, especially shorts from PPT actually go through?
I must not be too bright. Maybe ZH could explain further. Was this a "misquote"?? What is this?
Ha ha! Have fun with this one guys! Wet dreams, baby.
Waddell & Reed!
long tungsten short gold; looks like trade of the decade.
http://vegasxau.blogspot.com
Yowza! - today. Yawnnnn... - in the future...
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.
AHHHHHHHHHH YEAH.
http://finance.yahoo.com/news/tapes-authorities-build-criminal-cases-101...
With Tapes, Authorities Build Criminal Cases Over JPMorgan LossThat was MillionDollarBonus finally joining the gold crowd and told his broker, "Get Me In At Any Price!"
They will always tell you what they are going to do before they do it.
Not a glitch. A Deja Vu. Something has just changed in the matrix.
Glitchez, bitchez
$17,716 is what I would call a good start to bring Alice back to Kansas.
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?
Confusing Alice Kramden with the name Cramer would get your throat slit in my neck of the woods, mon.