Freudian Glitch? COMEX Futures Lists Silver at $34,000/oz, Gold at $17,700/oz

[Serpo]

October 11, 2012 By The Doc (http://www.silverdoctors.com/members/the-doc/profile/)


(http://www.silverdoctors.com/sd-bullion-buy-gold-buy-silver/)






http://www.silverdoctors.com/wp-content/uploads/2012/10/silverglitch1.png (http://www.silverdoctors.com/wp-content/uploads/2012/10/silverglitch1.png)Did COMEX futures just reveal a Freudian glitch? Futures data this morning indicated a value of $34,000/oz for silver, and $17,716/oz for gold!
The misquoted prices reflect a 1:2 price ratio with silver being 2x as valuable as gold. Was somebody trying to communicate the fact that future gold to silver value ratio will go from 50:1 to 1:2, with silver prices rising 100 times faster than gold’s?
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http://www.silverdoctors.com/wp-content/uploads/2012/10/silverglitch1.png (http://www.silverdoctors.com/wp-content/uploads/2012/10/silverglitch1.png)
http://www.marketwatch.com/investing/future/SILVER
Screen shot of concurrent gold glitch from ZH:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/10/20121011_gold_0.png
SD reader Plebian asks:
A ‘glitch’ in futures prices this morning showed charts with gold price quoted at $17,700/oz and silver at $34,000/oz.
Questions:
1) Why did glitches occur for both gold and silver, since they’re independent commodities traded on separate symbols?
2) Why was gold off by a factor of 10, but silver by a factor of 1,000?
3) The misquoted prices reflect a 1:2 price ratio with silver being 2x as valuable as gold. Was somebody trying to communicate the fact that future gold to silver value ratio will go from 50:1 to 1:2, with silver prices rising 100 times faster than gold’s?

Thankfully for stackers, physical silver can still be acquired for ~$35/oz, and gold under $1900/oz.
One day soon such a COMEX quote might not be a ‘glitch’.

http://www.silverdoctors.com/freudian-glitch-comex-futures-lists-silver-at-34000oz-gold-at-17700oz/#more-15320

[Ponce]

Some people are capable of predicting the future, maybe that's what they were doing :)

[Serpo]

Some people are capable of predicting the future, maybe that's what they were doing :)


What, silver at 35,000$...................its still undervalued.....hahahah

[osoab]

VX1 saw the blip before anyone else.

We're all Rich (http://gold-silver.us/forum/showthread.php?64188-We-re-all-Rich)
ZeroHedge had it before silverdoctors. I wonder why silverdoctors didn't give credit to the original source? Not saying the source was ZH, but I don't think they took the screen shots themselves.

[gunDriller]

at this point, electronic trading makes the investing world a lot more like The Matrix, a virtual world.

without information i'm guessing 50% chance it was a glitch, and 50% chance it was done by somebody with a specific purpose. maybe something innocuous, maybe somebody testing a program that is less innocuous.