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If anyone will sell to you at this price...
I saw an article recently on ZH that showed when silver fell 25% the avg. price of a silver eagle only fell 8%. Now that as SA said it's below production cost doubt there'll be much for sale.
If you don't mind buying larger coins APMEX claims their Australian Kilo Koala Coin (say that fast 10 times) are only $1.59 over spot. Kind of hard to fit in your pocket though.
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That's a freaking 10 percent drop within minutes...
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CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).
The 7%, 13%, and 20% price limits are applied to the futures fixing price (and are effective from 8:30 a.m. CT – 3:00 p.m. CT. Mondays through Fridays). The 5% up-and-down limits are effective from 5:00 p.m. - 8:30 a.m. CT Sundays through Thursdays, and from 3:00 p.m. - 4:15 p.m. CT Mondays through Fridays. Additionally, the 5% futures price down limit between 3:00 p.m. - 4:15 p.m. will not be allowed to breech the 20% daily limit.
The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT. These fixing prices are published to the CME Group website; see the link provided in Resources below.
Where to Find Price Limits
Price limits currently in effect are located in the Hi/Lo Limit columns of the delayed quotes page for each product:
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Only 10%? Good thing silver is one of the few items that the CME group does not have any limits on.
They claim to have halted silver 4 times yesterday:
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http://www.zerohedge.com/news/2013-...es-overnight-amid-flash-crash#comment-3580116Looks like they only halted buying.
Buying opportunity?
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