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That's amazing. A drop down, then straight back up. Anyone catch it?

 

I was logged onto Goldmoney at the time and prices didn't shift at all, in fact they went up a bit. So I guessing this was a rouge spike on the kitco chart and not the price passed to dealers.

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I saw it too...WTF was it?

Looks like a Kitco issue to me.

 

My spreadbetting platform carried on trading as normal - the chart shows no deviation during that timeframe.

 

Will be interesting to see if Kitco go back and change the chart. Right now it looks like a real spike:

silverw.gif

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Maybe he works for Kitco? Or a chart provider?

 

:P

 

How many people would have been scared into selling though. Seeing the price change on kitco I logged into GM and saw the price hadn't changed yet, had a good think about selling.

 

It seems incredible that he could predict the day and amount that the price would change by 40%, even if it actually is an error on kitco.

 

 

 

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Selling - you joking right?

 

I was getting stressed that I couldn't buy some more silver...I thought the xmas sales had started!

 

No I meant the price that you could sell at on GM was still $10.4 per ounce, even though kitco was saying it had dropped to $6.4. I was thinking that maybe I would be able to sell at $10.4 then buy back at $6.4.

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I think that was the last gasp of the PPT....

 

Years from now historians will mark that as 'THE' point where the system crashed, and then collapsed....

 

Physical market is now completely seperate from the CRIMEX....

 

Think you could be right on that. Hopefully we should see a big spike up over the next week, as the december contracts expire.

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No I meant the price that you could sell at on GM was still $10.4 per ounce, even though kitco was saying it had dropped to $6.4. I was thinking that maybe I would be able to sell at $10.4 then buy back at $6.4.

 

I like your thinking. I was kicking myself that I hadn't picked up a load of spreadbet positions at $6.50 ... until I saw that it wasn't real. ;)

 

Ker clearly works for Kitco's web hosting provider. Or is a hacker. :)

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Funny. I immediately thought about buying!!

 

Have a reread of my post. I thought about selling as the GM price was still at $10.4 will the kitco price was at £6.4. So the aim wound have been to sell at $10.4 then rebuy at $6.4 when the GM price caught up, luckily I didn't. :D

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http://www.leighmulley.com/files/kerplunk2big.jpg

 

 

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Funny, I thought his first name was Wan...

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