Bitcoin Trading Reopens, Promptly Plunges Another 35%!

bitcoing plungeAfter MtGox halted trading for 12 hours to allow the market to “cool down”, trading resumed at 10pm EST tonight.
Not surprisingly, the digital currency immediately plunged another 35% to $78 from $120 where it was when trading was halted earlier Thursday, before rebounding back above $100.
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Metals Dealers Shut Down Sales As Silver Globex Market Price Feeds Fluctuating By Over $1

algosAll h*ll appears to have broken loose in the electronic paper metals market overnight Thursday and into Friday, as numerous live metals feeds are fluctuating in price by more than $1 in silver, and several metals dealers are reportedly refusing to make any sales as they have no idea what the current price of silver is.

Per the CME the Globex is closed the 28th-31st, and per the HKMEx Hong Kong is also closed Friday the 29th, so we suspect a rogue algo was accidentally left on… [Read more...]

Silver Update: Mini Flash Crash

BrotherJohnF’s latest Silver Update:
Mini Flash Crash [Read more...]