The CME Group reports that gold trading was halted twice Thursday, once during the pre-FOMC statement flash-smash at 12:14, and once during the post FOMC statement vertical move at 12:31.
Expect to see more trading halts in gold and silver in the coming months as volatility will increase drastically in the new unlimited QE era ushered in by the Fed today.
NEW YORK–Exchange operator CME Group Inc. (CME) said it halted trading in gold futures twice Thursday to prevent excessive price volatility, according to an email from a spokesman.
Stop Logic, a type of circuit breaker that pauses trading for between five and 20 seconds, was triggered at 12:14:47 EDT and at 12:31:20 EDT Thursday.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
I just read that the Fed has a 99 year charter which expires on 21.12.12. Apparently, it is in Ed Griffin’s book on the Fed. Can anyone verify this?
This is a bit of a coincidence that this is the same date as the end of the Mayan calendar. I believe this Mayan stuff is a complete fake anyway, but this would explain the choice of this date as the ‘end of the world’.
If true, then we can surely expect the buggers to hyperinflate the dollar by that date, because they have no power to do so afterwards.
http://www.law.cornell.edu/uscode/text/12/341
Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.
Who cares? Who cares that trading stops, starts, levitates, whatever! None of that action puts PMs in your hand. It DOES put a piece of paper in your hand (which, in a pinch, you can wipe your a$$ with) which is pretty much worthless. STACK PHYSICAL PMs, period!
During the time of the Hunt Brothers silver phenomenon, didn’t ‘they’ change the rules to allow only selling of silver futures, but not buying? This halting of trading sounds like artificial intervention in the market. Imagine this scenario: CME halts trading in gold and silver futures indefinitely (due to ‘technical difficulties’), what happens to the ‘spot’ price for gold and silver? How do bullion dealers price gold and silver then? WHY are bullion dealers totally dependent on the ‘spot’ price set by electronic ‘futures’ trading for transactions in gold and silver?
How are commodities priced for those commodities for which there is not a futures market?
I’m witcha buddy.. This price discovery mechanism is unnatural, immoral and conceived for no other purpose than to rob from the productive and enrichen the parasitic.
The ‘price’ of any asset or other object should be set by those who own it and wish to sell, or those who produce it from the earth or from their labor. Never from those who are nothing more than hucksters, selling promises based on hopes of acquiring it at whatever price.
This situation causes shortages, mis-allocation of resources, and gangsters siphoning any profit from those who deserve it to those who don’t, because they produce nothing. The volatility and drama in precious metals, food and energy can all be traced back to this devilish activity.
The only reason they haven’t gone broke shorting the crap out of silver is they have Benny ‘Deep Pockets’ pumping cash into their accounts, and now he intends to leave the IV in the banksters arm 24/7, forever. What a joke it is. Too bad the silver producers don’t coalesce into a cartel of their own. That would be too funny.
The world of silver is about to go through some extreme changes. Changes in which the powers that be will not be prepared for.
“Stop Logic offers market participants the opportunity to provide additional liquidity and permits the market to regain its equilibrium,”
Hey… wasn’t that what they told us the algo bots are for?
More price manipulation but hard to say if it is bad if it stops a downward spike.
Since silver can fall $6 to the downside in 15 minutes i don’t think they care too much
I don’t recall them ‘stopping trading’ when silver gets thrown off of various cliffs every few months.
It’s a market control to prevent a free market and fair prices. Period.
I think that silver have more halts than gold when gold’s price will go higher so gold buyers will start buying some silver. Then because of the industrial demand, the investment demand and soon, the monetary demand, paper silver will become worthless, silver’s price will rise and the silver’s market will be halted for a long time until mines find enough silver to supply it.