Call for Help...
I'm slammed today, but someone just sent me this link to a video presentation from some dude discussing anomalous trading activity in silver on 7/18/2011. He references a spike in silver volume on the COMEX equating to 50,000 contracts sold within 1 minute. That would equate to a sale of $10B worth of paper silver, so we need to ascertain and independently verify whether or not this analysis is correct regarding the volume.
Could someone familiar with futures have a look and see whether they can verify 50,000 contracts sold within a minute on 7/18/11. Please don't feel the need to comment on the remainder of the analysis; I could care less about the guy's interpretation. I'll draw my own interpretations, but I just need someone to vet the veracity of the volume spike. I'm knee deep in earnings reports at the moment, but I'll drop it all and write this up if someone really did sell $10B in contracts in a minute.
Thank you in advance to anyone who has the time or inclination to have a look for me!
Also, please stay tuned to my blog tomorrow, as Alexandria Minerals CEO Eric Owens will be making a return appearance to engage in dialogue with you all on the blogs, and asnwer any questions you may have about the company.