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Old 09-26-2012, 08:00 AM   #1
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Copper got SLAMMED!!

Holy CRAP Batman! Copper just got seriously schwacked this morning. I had to look two or three times before I could wrap my head around it. A dollar twenty eight just got clipped off of copper in about six minutes. That's 34% in a flash. This has to be a fat finger or some other bullshit because there are no fundamentals to support this precipitous of a drop that fast.

What a crock of shit. I'm going back to bed....

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Copper September 26,08:59
Bid/Ask 2.4629 - 2.4640
Change -1.2792 -34.18%
Low/High 2.4530 - 3.7426
Charts
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Last edited by ancona; 09-26-2012 at 08:05 AM.
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Old 09-26-2012, 08:08 AM   #2
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Looks like gold and silver also got whacked.
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Old 09-26-2012, 09:39 AM   #3
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Copper is down 1.5% as far as I can see
http://www.forexpros.com/commodities...treaming-chart
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Old 09-26-2012, 10:11 AM   #4
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WTF??? I just checked Kitco and the price is now 1.5% down. The info above is lifted directly off their page. Even now on the copper charts it has the low at 1.28 off the current number. do you think it was a computer fuck-up?
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Old 09-26-2012, 10:17 AM   #5
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A bidless moment?
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Old 09-26-2012, 02:07 PM   #6
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Originally Posted by ancona View Post:
. do you think it was a computer fuck-up?
Yes. I don't see those numbers anywhere else. As of right now HG is down 44 cents and the low was down 47 cents according the the charts I see.

Regardless, if you look at charts, copper had a huge runup in the last few weeks. It is due for a correction of some sort. Same with the PMs.
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Old 10-01-2012, 07:14 AM   #7
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Originally Posted by ancona View Post:
Holy CRAP Batman! Copper just got seriously schwacked this morning. I had to look two or three times before I could wrap my head around it. A dollar twenty eight just got clipped off of copper in about six minutes. That's 34% in a flash. This has to be a fat finger or some other bullshit because there are no fundamentals to support this precipitous of a drop that fast.

What a crock of shit. I'm going back to bed....

Live Spot Prices

SPOT PRICE IS OPEN
Price: US$/lb


Copper September 26,08:59
Bid/Ask 2.4629 - 2.4640
Change -1.2792 -34.18%
Low/High 2.4530 - 3.7426
Charts
Bad print.
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