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And Scene: CME Hikes Silver Margin For Third Time In 7 Days, Raises Initial, Maintenance Margins By 12%

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Mon, 05/02/2011 - 16:29 | 1231442 Out9922
Out9922's picture

Love it.  I hope it goes to the 30s so I can load the boat

Mon, 05/02/2011 - 16:35 | 1231468 nope-1004
nope-1004's picture

Yawn....   was in isolation for a month.

WTF??  Silver is up 30% this month?


Mon, 05/02/2011 - 16:47 | 1231551 long juan silver
long juan silver's picture

Silver is down 10% this month

Mon, 05/02/2011 - 16:52 | 1231576 akak
akak's picture

Your IQ is down 40% this month.

Mon, 05/02/2011 - 17:22 | 1231712 long juan silver
long juan silver's picture

What's really amazing is that's it's still 300 times yours!

Mon, 05/02/2011 - 17:26 | 1231728 narapoiddyslexia
narapoiddyslexia's picture

And I'm buying another 100 oz bar to celebrate your IQ. If even a small fraction of the people who read this today do the same, we'll have another situation, then another, then another, until....

Mon, 05/02/2011 - 20:20 | 1232310 Ahmeexnal
Ahmeexnal's picture

$50 is an ELE for the USD, JPM, and TPTB.

Keep buying at discounted prices!

Dimon and Blythe will be forever remembered as the Retarded Duo!

Mon, 05/02/2011 - 20:35 | 1232370 TDoS
TDoS's picture

Bought another 20oz today.  Might buy another 20 next week too.

Mon, 05/02/2011 - 17:42 | 1231805 Thomas
Thomas's picture

Technically you are both right (-10% this month and +30% month over month). All I know is that this margin thing is pretty damned cheesy.

Mon, 05/02/2011 - 18:28 | 1232001 ZeroPower
ZeroPower's picture

Silver? Haven't all the rational folks agreed $50 is a pipedream until at least some consolidation in the low 40s and/or QE3 is started? You can easily spot the bubble in equities but for some reason are shieled from seeing the exact same hyperbolic pattern in the silver chart. 

Give it time.

Mon, 05/02/2011 - 18:33 | 1232033 JLee2027
JLee2027's picture

Did you see that action two Sunday nights ago? 50 was a trade or two away. TPTB are terrified.

Tue, 05/03/2011 - 02:43 | 1233057 Sudden Debt
Sudden Debt's picture

The supply cycle is broken in silver.

Over 2 years now, investment silver drained the industrial supply at such a rate and junk silver didn't meet the usual quota.

Even without any "speculation" in paper, the shortage will make prices rise at least  20% a year from now on.

Even 100kg shortage in supply in the industrial market can cause prices to double as the amount of silver used in electronics is so low, that it doesn't matter if it costs 50$ or 1000$ to use it in their electronics.

A Ipad for example uses about 1/3 gram of silver. So if it costs 10$ of silver per Ipad, the consumer would never notice it.

Mon, 05/02/2011 - 20:17 | 1232323 Bicycle Repairman
Bicycle Repairman's picture

I was junk #14. Your comments s#ck.

Mon, 05/02/2011 - 17:09 | 1231666 silverstud
silverstud's picture

Selling the house, dog and kids.. Cashing up to buy physical Silver when it hits US$25 per ounce!

I love the Comex.. it is such a fraud and allows me to buy physical silver at a fraction of its real value.

The idiots are those who trade useless paper for a quick buck!

When the physical runs out then I will be sitting pretty with physical silver while those trading on the Comex can do little else but light up the last cigar with their worthless paper silver contract.

Ozzie Scott


Mon, 05/02/2011 - 17:16 | 1231694 Teamtc321
Teamtc321's picture

"The idiots are those who trade useless paper for a quick buck!"


Not if you are buying physical with that quick buck. Alot of that going on. I have added with those quick buck's.

Mon, 05/02/2011 - 17:31 | 1231771 Dr. No
Dr. No's picture

How is trading for a quick buck idotic?  Profits are good.  Fast profits are better.

Mon, 05/02/2011 - 17:56 | 1231850 NotApplicable
NotApplicable's picture

Because your profits are measured in dollars, which is not a standard of measure, nor a store of value. Add to that, the taxation for your "gain," which is really just a loss as measured against the unmeasurable dollar.

Why take the risk of trying to game the game, when you can profit merely by sitting still?


Mon, 05/02/2011 - 17:42 | 1231813 Papasmurf
Papasmurf's picture

Those trading paper silver will have a Bernie Madoff claim.

Mon, 05/02/2011 - 17:53 | 1231840 Ese Pinche
Ese Pinche's picture

When the physical is all gone the US gubmit will be confiscating all PMs... Owning physical is not an iron clad ticket to financial safety.  If you own/hold paper definitely more risky... but in a real disaster, one we very well might experience, your physical silver will not be yours to keep/use.

Mon, 05/02/2011 - 18:05 | 1231885 JohnG
Mon, 05/02/2011 - 18:19 | 1231967 Kelley
Kelley's picture

Thank goodness I don't have any physical silver. I'm pretty sure no one else here has any either.

Mon, 05/02/2011 - 18:49 | 1232065 GubbermintWorker
GubbermintWorker's picture

Nope, but I do have a lot of physical lead.

Mon, 05/02/2011 - 18:59 | 1232095 Long-John-Silver
Long-John-Silver's picture

I prefer copper clad lead.

Tue, 05/03/2011 - 01:07 | 1232969 LaughingMan
LaughingMan's picture

+ 4000... rounds that is.


Silver brothers in arms. Cue Dire Straits!

Mon, 05/02/2011 - 19:10 | 1232127 uniman
uniman's picture

But seriously, I'd like to hear some scenarios regarding surviving exactly what you just scoffed at.  In the event of a major financial and political upheaval can you describe in further detail how you expect to ride out the storm?  Might the mob think that anybody calmly sitting on their porch and enjoying the beautiful evening obviously has a basement full of PM and missing neighbor girls?

Mon, 05/02/2011 - 22:19 | 1232605 European American
European American's picture

Well, if there's a mob outside your house you're probably in trouble to begin with. 

I don't know about the others here, but why I have accumulated a few ounces of both silver and gold is for the day when I can take those few coins, and purchase either a new currency, or other "tangible, sustainable assets. When I think "long", we're talking possibly some years from today, not next year, or the year after it. The years between "then" and "now" could very well be turbulent and not so easy on the nervous system. During the tumultuous years, I'll probably be tapping exclusively into the various, sustainable assets capable of keeping this physiology standing on it's two feet. Those assets being, stored food, fresh organic foods from my greenhouses, solar panels, wind turbine, to name a few. Of course it's possible that the same "mob" outside your door might key into my belongings as well, long before the new currency is fresh off the printing press. But from where I stand, I like the odds. On the other hand, the invisible killer particles blowing this way from Japan, are another story.


Anyway, how the exchange takes place when I finally walk through that door to purchase that new currency with those coins in my pocket is anybody's guess. Might all take place on the new (old) Black Market, down back alleyways, in the dark. But it's certainly going to be more "real" and exhilarating the present system.


I think many of the smart ones who visit this site to read the great articles and informative comments probably prefer to lay low while the storm passes over rather than jumping into the fray. Seems like a direct correlation between rising and lowering PM prices and certain posters blood pressure levels, imho.

Tue, 05/03/2011 - 01:29 | 1232981 ultarnerd
ultarnerd's picture

One time by accident I actually made a mix containing silver that wen lit on fire instantly made pure molten silver and no its not a thermite where another metal can contaminate.

So yes there appears to be some clever ways of hiding your metals if you want to be a bit creative.Sulphur has an extreme affinity for silver and fused sodium chlorate will reduce back to metal with little difficulty.Will also experiment with it as a way to remove plated silver rather than using the acid.I will probably try mixing my silver compounds into small plastic ornaments for even better concealment.My web site is down right now as I sort of ran out of money but when I get it up again and get to do more experimenting I plan to put it all on my site.This is the sort of thing that could prove usefull if you really must trasport your silver and gold, where of course buying in the yard wont work.

Mon, 05/02/2011 - 20:56 | 1232429 Hugh G Rection
Hugh G Rection's picture

Me either... All my metals were stolen and I forgot to file a police report...

Mon, 05/02/2011 - 19:35 | 1232208 Blano
Blano's picture

I'll take that bet.

Mon, 05/02/2011 - 21:20 | 1232480 A Nanny Moose
A Nanny Moose's picture

Except...how would they go about confiscating pre-1964 dimes and quarters? It would be an epic waste of time, and they are still legal tender. I doubt the average flunkie Blue Shirt could even ID junk silver coins.

Mon, 05/02/2011 - 17:32 | 1231761 covert
covert's picture

the relevance doesn't seem obvious.



Mon, 05/02/2011 - 16:32 | 1231446 Id fight Gandhi
Id fight Gandhi's picture

It's such joke they keep doing this to silver but never touch ES

Mon, 05/02/2011 - 16:41 | 1231505 Auricle of Omaha
Auricle of Omaha's picture

What does ES stand for?

Mon, 05/02/2011 - 16:42 | 1231523 smeagol
smeagol's picture

E-minis S&P

Mon, 05/02/2011 - 16:48 | 1231544 Buckaroo Banzai
Buckaroo Banzai's picture

But no one ever speculates in the E-mini S&P, that only happens in silver and gold. And oil.

Mon, 05/02/2011 - 17:03 | 1231624 Auricle of Omaha
Auricle of Omaha's picture


Mon, 05/02/2011 - 16:33 | 1231448 Missiondweller
Missiondweller's picture

Smells of pure desperation

Mon, 05/02/2011 - 16:38 | 1231483 tmosley
tmosley's picture

No shit.  And people keep talking shit about me and my calls.  Let's see these morons say the same things come Friday when we are back at $49.

But then, they are just trolls, and they will disappear, and Trav will lose his one and only tool in his senseless vendetta against me and will be quiet for a while.

Mon, 05/02/2011 - 16:47 | 1231535 long juan silver
long juan silver's picture

Silver down 10%.

Will you resign the board if silver is not $49 Friday?

Mon, 05/02/2011 - 16:51 | 1231563 tmosley
tmosley's picture

Will you commit ritual suicide if it is?

No, I won't.  I have already made a pledge that if physical silver is ever available on the open market for less than $20, I will leave forever.

But that doesn't seem fair anymore, does it?  Let's move that up to $35.

That is PHYSICAL.  NOT spot--and it has to be available on the open market for at least 24 hours.

Mon, 05/02/2011 - 16:57 | 1231569 bob_dabolina
bob_dabolina's picture

You're a troll.

Anytime anyone says anything bearish about silver you start screaming and whining like a 14 year old who just found her tits, "troll, troll, trolling, trolsters are out" Just shut up already. We know for christ sakes you're a silver bull till' it hits 1,000. Like I've said in so many posts. Price is the final arbiter.

Just sit back and enjoy your shearing for being a greedy sheap.

Mon, 05/02/2011 - 16:59 | 1231605 tmosley
tmosley's picture

Uh-huh.  Whatever.  I have been pointing out lies and inconsistencies in these people's posts.  That's all.  They keep registering new names to try to get away from the fact that anyone who followed their advice has lost everything.  

Anyone who has followed my advice from more than, say, two weeks, is UP.

People seem to forget that silver was at $42 on April 15th.

Mon, 05/02/2011 - 17:05 | 1231630 bob_dabolina
bob_dabolina's picture

So when are you selling tmosely? Please, enlighten me with your sage advice to help me make millions.

Mon, 05/02/2011 - 17:21 | 1231709 tmosley
tmosley's picture

I sell silver for gold, starting at 1:10 gold to silver ratio.  

Dollars are not involved.

Mon, 05/02/2011 - 17:20 | 1231716 long juan silver
long juan silver's picture

Dr. Ted Warren Reid (Chairman) ted.reid@ttuhsc.edu
Dr. Julian Spallhoz (Vice President)
Dr. Mayank Shashtri (Vice President) eburonorganics@yahoo.com

Mon, 05/02/2011 - 17:24 | 1231738 tmosley
tmosley's picture

Aww, cyberstalking now?

One of those guys is a supplier, one is retired, and the last is a colleague and trusted friend.

Mon, 05/02/2011 - 17:31 | 1231755 long juan silver
long juan silver's picture

You have no friends

Mon, 05/02/2011 - 17:33 | 1231768 tmosley
tmosley's picture

Like I told your other incarnation, William the Bastard, you really shouldn't talk to yourself.  It makes people think you are crazy.


Mon, 05/02/2011 - 18:10 | 1231902 JW n FL
JW n FL's picture

dont feed the idiots...

you are smart enough to get this.. so I will say it striaght..

let yourself be entertained by these people, that is thier only use in this world. Be thankful that you are entertained, most are not.

and I will give everyone some safe numbers to buy to and to sell from.. this is not for you "T"


Silver $100.

Gold $2,200.


You can buy and then sell there after safely.. there are others who will tell you $150 is safe and Gold $2,800 is safe.. I would agree, but I am keeping it simple for those who dont have a clue and are stupid enough to fuck up simpleton instructions.


the part I found "Typical" or "Pedestrian" was you are looking for tmosley and not offering up who you are? Which tells me a couple things about you.. Mr. Multiple Name Changing Wanna Be Troll. one you think you can have power over someone by figuring out who they are, which means you are a fucking coward who fears being known.


The Troll here are the crème’ de la crème’ of trolls! You are not worthy of the title. Here at least.


So let’s hear / see your one line drivel of complaint, come and regale me with wit of your circumstance.


Mon, 05/02/2011 - 18:06 | 1231893 JohnG
JohnG's picture

Refuted.  I am.

Do NOT follow this link or you will be banned from the site!