Crash Got You Shaking With Anxiety? The CBOE Will Allow You To Put Your VIX Positions On 20 Minutes Earlier

It may not be quite the Lehman weekend when the first ever Sunday CDS trading allowed pros to get out of Dodge early, but those who can't wait to put some insurance on against the market crash that is currently roiling the world, with everything tumbling in what is becoming a carbon copy replica of 2008, will be able to do so 20 minutes earlier. The CBOE has announced that"beginning on Monday, September 26, the CBOE Volatility Index (VIX) futures contract opening time moves to 7:00 a.m. from 7:20 a.m., pending regulatory approval. The 3:15 p.m. closing time for VIX futures remains unchanged. The earlier opening offers market participants more time to establish or offset VIX futures positions surrounding potential market-moving events - overnight news, banking actions or key economic reports - before the general market opens." Judging by /ES, something tells us the line around the block to put these on will be longer than for the new iPhone if and when it comes.

 

 

Gold coming under selling pressure in very early European trading

Trader Dan at Trader Dan's Market Views - 31 minutes ago

Gold opened in Asian trade on a relatively firm note as buyers came in to take advantage of the break in prices. That buying eventually gave way to sellers looking for a bounce to exit from longs. As price dropped down to Friday's closing level (commensurate with the 100 day moving average), longs who had been bottom picking stepped aside removing any support from the market. That allowed the shorts to press it into stops below Friday's low which dropped the metal rapidly into the band of chart support near the $1600 level. Upon its initial test of this level, it did bounce somewhat... more » 

Market Snapshot: Gold & Silver Continue Slide As ES Drops 20pts From Highs

While Friday's dramatic skid lower in the precious metals was later blamed somewhat on a leaked margin hike (as well as the simultaneous and anti-empirical sell-off in 30Y), it seems the liquidations that were rumored (whether hedgie or central banker) are in play once again as both gold and silver (the latter very significantly!) are finding little support. After some early weakness (EUR strength), the China news we noted earlier and general lack of any actionable rescue plan or large-scale money-printing has markets in a decidedly risk-off mode for the last few hours as ES shifts into the red and very early credit runs show 2-3bps widening in the front-end of the European indices.

UPDATE: Silver is now -16%!

Key FX Market Events In The Coming Week: Grand Plan In Europe, Asian Intervention And Broader USD Strength

In the upcoming week, debate and speculation about any “grand” Eurozone plan will certainly dominate FX markets and risk sentiment. Goldman is cautious. On one hand, it continues to believe that USD downside pressures remain the dominating medium trend in FX, and hence the current rise in risk premia creates attractive opportunities to position for renewed US weakness. On the other, it still sees plenty of Eurozone headline risk. For example, the tug-of-war over the next Greek tranche will likely continue for at least another 10 days. And important parliamentary votes are still outstanding in a number of EMU nations, in particular those with unclear majorities to implement the enhanced EFSF.

Is JP Morgan Attempting to Extricate Themselves from 120M oz Naked Short Silver Position Prior to Oct 4th CFTC Announcement on Position Limits?  

  

Silver Babies are not impressed with Ben's new Idea

silvergoldsilver at silvergoldsilver - 3 hours ago

Federal Reserve - 66281284 Frbny Social Media Rfp

Jim’s Mailbox

September 25, 2011, at 9:31 pm
by Jim Sinclair in the category Jim's Mailbox |  Print This Post |  Email This Post

Jim Sinclair’s Commentary

When push comes to shove, QE goes to infinity here and there.

Gentlemen,

Multi-trillion $$$ for bailouts, more inflation…

Regards,
CIGA Luis

Multi-trillion plan to save the eurozone being prepared
European officials are working on a grand plan to restore confidence in the single currency area that would involve a massive bank recapitalisation, giving the bail-out fund several trillion euros of firepower, and a possible Greek default. By Philip Aldrick, and Jeremy Warner in Washington
4:51PM BST 24 Sep 2011
German and French authorities have begun work on a three-pronged strategy behind the scenes amid escalating fears that the eurozone’s sovereign debt crisis is spiralling out of control.
Their aim is to build a “firebreak” around Greece, Portugal and Ireland to prevent the crisis spreading to Italy and Spain, countries considered “too big to bail”.
According to sources, progress has been made at the G20 meeting in Washington, where global leaders piled pressure on the eurozone to fix its problems before plunging the world back into recession. In a G20 communique issued on Friday, the world’s leading economies set themselves a six-week deadline to resolve the crisis – to unveil a solution by the G20 summit in Cannes on November 4.
Sources said the plan would have to be released as a whole, as the elements would not work in isolation.
More…




I hope you BTFD...Keep stacking...You are going to need it sooner then you think...