Fukery at the comex today,trading halted and trades canceled.
(www.reddit.com)
Comments (12)
sorted by:
Banks have to pay out a potential 400 million on the silver futures on the 27th. Attempting to minimize their losses, I predicted another plummet in silver spot prices just prior to the 27th. The crooks are running the system, expect the worst, hope for the best.
I shorted silver. Play their game. Using the profits to buy the real stuff. We're looking at another 2008, which was caused by silver shorts. Credit markets are imploding and the only thing holding up the market are semis, which data centers are relying on.
We are still learning the details.
Sorry for the reddit link,that's all I have for now.
https://www.reddit.com/r/Wallstreetsilver/comments/1remot6/cme_technical_issues_market_halted_really_also/
https://www.reddit.com/r/Wallstreetsilver/comments/1ren2ts/all_day_orders_and_gtds_with_todays_date_will_be/
Ah yep, rest assured whatever going on at the comex is fo sho fukery.
Inevitably they can't stop what is coming, I just wish the timeline would pick up the pace.
Thanks for posting, been a while for a PM post here.
I got up early for nothing. Mobile app crashed and desk top app crashed. I think I will be looking for another broker.
Comex cannot convert aper to physical because there is no silver in the vault. If you are holding paper you are royally screwed.
They can still make money trading it.
But they might not get silver....
They might make some FRNs, but no real money.
Now the price of silver is going back down....
That was probably the canceled trades being removed.
We are going back up now.
Why is anyone playing in this sewer?
They set the price of shiny,by selling at the price they set.
Like it or not it affects us.