Loading ...Test Run – Or END of The Financial System?
I am deeply concerned, this MAY be the beginning of the end? The BS story of CME system glitch is extremely serious. Either, this is a test run for when they pull the plug on the financial system, OR it is the real thing and happening today? If you were going to pull the plug because Silver can no longer be kept from exploding higher, and the stock market is set up to crash anyway, when would you pull the plug? On a Friday, half day session in front of a Holiday weekend when trading volumes are light and most participants aren’t around. If trading begins and runs thru normal scheduled hours until 1PM today it was probably a test, if however there is no trading today, the odds rise dramatically that this was the plug pull on the financial system and next week would likely be TOTAL CHAOS across the globe.
CM – can you update your observations on this as the day progresses – pls!
I will. Here are some thoughts and suggested actions. First, this COULD be nothing, but I seriously DOUBT it! I just went to an ATM and took out some cash in case the system collapses over the weekend. It may be a low probability event, but the odds are rising. Better to have some cash, in case the banks don’t open next week and the run on the ATM’s leaves them empty in a day or two. Second, President Trump has some big decisions to make before 9:30 this morning. Do they cancel trading for today’s shortened session or do they let them trade without futures or does he tell them to let the COMEX open and allow Silver to go wherever it is going? They could also try and organize another bear raid where the Treasury backs the banks and they slam gold and silver for today and early next week, that is a Lower probability, but still possible. Lots of moving parts but however things play out, NOTHING is going to be the same after today. It could go down as worse than the original Black Friday in 1869! May you live in interesting times, indeed!
It appears that futures have started trading. Now we watch and wait to see how things develop.
One can hope this is the last big government engineered bubble like the .com bubble introduced here awhile back as an inflation sink, but now in the miners, which are about to explode beyond anyone’s imagination or, God forbid, a big crash taking everyone down. I vote for the miners melting up.
CME Reopens After Chicago Data Center “Cooling Issue”
CME Globex Futures & Options markets have officially reopened after their overnight ‘cooling issue’. For now, Nasdaq futs are rallying…
https://www.zerohedge.com/markets/cme-futures-go-dark-after-cooling-failure-chicago-data-center-traders-angered-were-flying