05/20/2013 - 10:20
While we have become used to the almost daily trading-halts in Japanese government bonds, when the CME reports that Silver trading was halted four times overnight, it is increasingly clear that this market is anything but 'normal':
- *SILVER TRADING WAS HALTED FOUR TIMES OVERNIGHT, CME GROUP SAYS
- *SILVER TRADING WAS STOPPED FOUR TIMES IN 20-SECOND HALTS
- *SILVER TRADING WAS HALTED IN `STOP-LOGIC EVENTS', CME SAYS
Yet somehow, amid all this 'extreme' volatility in 'safe' collateral assets, we still do not hear of funds blowing up (yet). While central bankers would seem to disagree, there really is no stability without volatility and the more that vol is suppressed, the more extreme the inevitable 'event'.
