Fat Finger senario for PMs?

Are there alerts in place to stop trading PM's if they drop more than 10% with in minutes? I am referring to what has been down for the stock market so there is not a repeat of May 6, 2010. I think the technical term would be "trading halts."

(Is a Fat finger senario possible on silver or gold?)

Thanks

 

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I would not think so because there is no one single PM market, the majors are New York, London, and Hong Kong but there are others such as Toronto, Frankfurt, Tokyo, Sydney. There is pretty much a market open all the time except when it is the weekend everywhere in the world.

 

"Stop loss orders" Could be used on Spyder ETF Exchange traded funds.
No one really knows how much actual gold is held in these paper gold mines. 1 to one 5,10 20 .
They are complicated and require a market schooled person to utilize them.

Pep

 

That makes sense. I had not thought of the many other markets. I tend to just think of 3 or so.