PathWalker
11th October 2013, 19:48
http://www.marketwatch.com/story/gold-trading-briefly-halted-early-friday-2013-10-11?dist=countdown
NEW YORK (MarketWatch) -- December gold GCZ3 -2.09% stopped trading on the Comex for 10 seconds on Friday morning after a big price move triggered a preset halt. The 10-second stoppage occurred at 8:42 a.m. Eastern time, said a spokeswoman for CME Group Inc. CME +0.28% , which owns the Comex. She said all trades will stand, adding that technology and markets functioned properly. Scott Carter, CEO at precious metals retailer Lear Capital, said the halt happened after a two-million ounce trade, but it wasn't clear who was behind the trade. Between about 8:42 a.m. and 8:43 a.m., December gold lost nearly $15, according to FactSet data. The contract was last down $29, or 2.2%, to $1,267.90 an ounce.
This MSM report is a good sign of transparency. Few weeks ago they would not dare publish this. Maybe they cannot hide this data anymore.
And they do konw exactly who made the crashing trade!
NEW YORK (MarketWatch) -- December gold GCZ3 -2.09% stopped trading on the Comex for 10 seconds on Friday morning after a big price move triggered a preset halt. The 10-second stoppage occurred at 8:42 a.m. Eastern time, said a spokeswoman for CME Group Inc. CME +0.28% , which owns the Comex. She said all trades will stand, adding that technology and markets functioned properly. Scott Carter, CEO at precious metals retailer Lear Capital, said the halt happened after a two-million ounce trade, but it wasn't clear who was behind the trade. Between about 8:42 a.m. and 8:43 a.m., December gold lost nearly $15, according to FactSet data. The contract was last down $29, or 2.2%, to $1,267.90 an ounce.
This MSM report is a good sign of transparency. Few weeks ago they would not dare publish this. Maybe they cannot hide this data anymore.
And they do konw exactly who made the crashing trade!