Copper got SLAMMED!!

[ancona]

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

 

[pmbug]

Looks like gold and silver also got whacked.

 

[swissaustrian]

Copper is down 1.5% as far as I can see
http://www.forexpros.com/commodities/copper-streaming-chart

 

[ancona]

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?

 

[DCFusor]

A bidless moment?

 

[mmerlinn]

. 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.

 

[DSAbug]

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.