Message: OT: Leaks, Silver & Treasuries Halted
Of course PM's would drop after more bad economic data? The PTB have no shame and the manipulation continues unabated. I agree Panamax, the gap between the paper & physical price could continue to grow. IMHO another short covering is imminent and the paper price of silver could close in a little on the physical price. A higher paper price is in our best interest. FWIW UC is the only PM stock I own that isn't down today. SMF
Another Jobs Report, Another Leak? Gold Plunges & Treasuries Halted
11/08/2013
Milliseconds after the release of the jobs report this morning, the 'supposedly' most liquid bond market in the world - US Treasury futures - were halted for 5 seconds. As Nanex notes, this has happened before... What is also evident, as seen below, is Gold's premature plunge (who knew what when?) So while yesterday was the turn of the OTC equity market, today we see fixed income markets 'break'...
Via Nanex,
1. December 2013 5 Year T-Notes (ZF) Futures depth of book (how to read).
This market halted trading for 5 seconds.
2. December 2013 5 Year T-Notes (ZF) Futures Tick Chart.
Right before the 5 second halt.
3. December 2013 5 Year T-Notes (ZF) Futures Tick Chart.
Right after the 5 second halt.
6. December 2013 Gold (GC) Futures. - Look at the move right before the official announcement!!!
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