Stung by 'flash crashes,' Comex considers volatility limits in gold and silver futures

Section:

CME Mulls Price Fluctuation Limits for Gold, Silver Futures

By Frank Tang
Reuters
Tuesday, April 29, 2014

U.S. futures exchange CME Group Inc. is considering the introduction of daily limits on price moves in gold and silver futures in a bid to rein in wild volatility that has spooked investors in recent years, a CME official said Tuesday.

CME at present has price fluctuation limits for futures contracts in some energy, agricultural commodities, and financial products, but none for its precious and base metals products.

The possible move reflects growing concern at the largest U.S. exchange of futures and options about big bouts of buying or selling that have caused huge fluctuations in prices without any apparent fundamental reason. ...

... For the full story:

http://www.reuters.com/article/2014/04/29/cme-group-precious-idUSL2N0NL1...



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Sinclair to speak at New York conference and hold Q&A meeting afterward

Gold advocate and mining entrepreneur Jim Sinclair will give the closing address at the Metals and Minerals conference to be held Monday and Tuesday, May 12 and 13, at the Marriott Marquis hotel in New York City:

http://www.metalsandmineralsevents.com/ehome/index.php?eventid=81632&

Following the conference, Sinclair will hold his own question-and-answer meeting at the hotel for followers of his Internet site, JSMineSet.com. Registration for the latter meeting will cost $100 and will include free registration for the Metals and Minerals conference. For more information, please visit:

http://www.jsmineset.com/2014/04/29/jim-added-as-keynote-speaker-to-meta...



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