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CME Hikes Silver Margins By 17%: 4th Hike In 8 Trading Days
Nobody could have foreseen this. Nobody. At this point there is nothing left to comment on what is a concerted action to "mitigate" any and all risk in the commodity market but could as well be classified as executive order 6102.5. While we were joking before that soon one will have to post more cash than an silver contract is worth, we are now forced to reevaluate this sarcasm.
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If this is manipulation, then it bodes well for silver. Manipulation only works so long, then the supressed demand eventually overpowers it and it rockets up. Perhaps one of the big boys (who never has to worry about margin) made a phone call and wants to buy in at lower prices.
2nd ammendment. 5th is the right against self-incrimination.
The CME is following orders. They have been ordered to depress the price of silver, and they are following their orders.
CME makes money with volume. With trades.
Raising margin requirements when market participants are NOT defaulting has no justifiable economic basis. In fact, it means the CME will make LESS money. They are supposed to be a for-profit enterprise, but it is now obvious that profit is not their primary focus.
F*ck the CME and silver futures. Buy real Silver, not paper silver.
If the CME short holders can't cough up over 30M ozs of physical silver for delivery, it opens CME to collusion litigation in a default, and since long holders take delivery in $200,000 increments they can actually afford quality legal counsel to go after CME.
If the specific short holders that fail to make delivery are the banks, as opposed to specs or miners, then you have a potential racketeering conspiracy and some state or district AGs with ambitions for bigger offices might be tempted to start throwing bank and exchange bosses into real prisons. If the CME doesn't raise margins- they risk an existential, as opposed to a financial crisis. However, by raising margins and depressing prices they hasten the demise of their paper silver ponzi. For some reason I just can't bring myself to feel sorry for the quandary they find themselves in.
Physical holders - calm yourself by perusing American Eagles on eBay. People are still buying them (as of 5 minutes ago anyway) for 50$ a pop.
Yep. check out the 24hgold/eBay price widget at the bottom of their page:
www.24hgold.com (note the "h")
Use it as a chance to load up more. I imagine it hurts if you bought silver on a credit card at 50, but that's the risk you take using leverage. Everyone just needs to calm the fuck down. All they are doing is making PM's even more bubble proof by denying the use of credit to finance its rise.
This is ultimately a positive development. Increase margins high enough and the only players left are those that can take delivery.
which reinforces what has been said ad infinitum. if you have the silver in your posession these antics don't effect you.
remember, if the price is crushed in this money printing, currency devaluing environment folks will buy up on the cheap the supply. my hunch is the bad guys are desperate (national security of course) to extricate themselves from the silver short necktie. so they're orchestrating the take down.
they'll cover, and then go long with supply. then ben will print to high heaven and the bad guys are covered.
i'm a buyer.
I like... +1000000
It's okay guys, Ms. Kimberly Taylor (CME Clearing House President) is just getting a little nervous. Maybe we should send her some flowers or something.
I agree with 'Id fight Ghandi' - what else has demonstrated the same kind of increases in margin over the same timespan? Is there anything close?
Are we still "grossly overbought"?
LOL...
They are obviously vulnerable now. They are a cornered badger, desperate. Though we haven't heard anything from JPM about how badly they're being hurt by silver rising, they must be getting hurt pretty bad to pull these stunts. Now the SLA must kill the beast and gamble that buying as much physical as possible will force their hand and expose their weakness so we can finally kill this evil empire.
JPM is only hurt if they sell...otherwise hold at par and extend / pretend with infinite fiat "borrowed" at 0.005%.
"JPM is only hurt if they sell"
Uh, they already sold. That's how you open a short trade.
Now they HAVE to cover, particularly if the other end of the trade stops for delivery. Either way, the trade has to be covered.
Some were using leverage to earn more fiat to buy more physical.
Now they'll just buy physical.
This may work for the EE in the near term but the physical market will dry up faster.
Whats wrong in selling your Physical at todays prices, and hopefully buy it cheaper, you can always find ounces here and there, after all we are not Jim Rojers, who buys 10 million physical oz at a time, and ask for immediate delivery.there is always something out there for small traders...Good trading to all, cheers
hopefully buy it cheaper,
dollartheque@ya...
good luck mr hopeful ..is this is something you did and what price did you run down to the coin shop and sell ,, and when will you zip on down to buy some more ;
and lets us know the buy sell prices it may just be a wash.
just buy the silver and stop pretending you know whift
but good luck ..
After its a 100% cash market then they will raid SLV... But after that, what happens????
It doesn't get any more "paper" than investing in silver contracts on margin. So, fuck it, raise it to 100% cash only. Remember, the net leverage on the NYSE is near all-time highs. So in the hiatus between QE2 and QE3 at least the leverage unwind in silver will be far less. As a side note, the Russell 2000 is showing signs of buckling ahead of the majors (if there is unwind you might want to think about hedging by shorting paper 2000).
Plus, these margin hikes just gives one an incentive to take delivery. If you have silver stashed in a ditch, does it really matter what the bullshit COMEX spot is and what the margin rate gets cranked up to? Sure...in dollars, in the short term, but in the intermediate term?
There has never been a better time to think longer term. Trading paper profits will be the ultimate losers game as this rigged game falls on its own weight. And it will.
Gosh i remember when 8 dollar eagles seemed a little high and then one coin dealer was selling them for 14 bucks when spot was about 7.
I couldnt believe the phucker trying to rip naive people off!
Ahh...the old days.
(Tanks for convincing me on ZSL. Made enuf for 200 more GPL)
How dry they are!
How dry they are!
Everybody knows......How dry they are!
let's everybody sing.
They are bone dry. Regardless of Spot, they have to come to you if you own the physical. Spot is paper only. Obviously the 20% pullback was not a physical sell off. The Russions and Chinese must be licking their lips to head back into the market. Would not be surprised to see a $5 uptick in the coming days.
Isn't this like the 4th time?
You can almost hear them screaming "Die scum, die!!!" as they hit the button.
What on earth would have gotten them so upset/panicky?
Isn't this like the 4th time
thats what the title says ,, you have a memory problem
Has this ever been done before to any other commodity? This kind of back to back to back to back margin hike?
I honestly don't understand why Tyler keeps harping on how raising margin requirements is part of a conspiracy. Don't the higher margins affect those short silver just as much as those that are long?
If JP Morgan really is short a crap ton of silver and if the physical really is tight, then whomever is running the exchange better keep right on raising margin requirements. This would make JP Morgan pony up extra cash and close out shorts at a loss faster than they would otherwise. This is good if your intention is to prevent a COMEX default.
If you are heavily long silver futures and your wildest dreams come true and silver goes to the moon then don't you want to get paid? Getting paid means you don't want COMEX to default. Now, if you really want COMEX to default then you should root for lower margins, but seriously who would want that besides a few North Koreans or some folks running cometing exchanges.
Finally, if you only hold physical because you think COMEX is a joke then what do you care what COMEX does with margins?
You are assuming that the same rules that apply to us also apply to JPM...and in that assumption...you would be incorrect.
Please expand on which margin rules do not apply to JP Morgan.
They removed position limits for JPM and being that they're a proxy for the Fed makes margin req pointless for them. They have infinite fiat at their disposal.
Silver's only going to be able to "go to the moon" after the COMEX collapses.
It's a concept known as "price discovery."
If COMEX collapses how would investors be able to bid silver up "to the moon" if they can't even afford to pay higher margin which is still a lot less expensive than taking delivery.
You don't get it it.
Comex is a paper scheme, its price is irrelevent. Who cares what they can or can not pay, if people are trading paper you do not know what the price is.
Divergaging the paper price from people who are holding physical is a way to price fix silver or gold, it will cause supply shortages. Silver spot price could be 0 while buying it from someone could be north of $500 dollars. The fact that "speculators" have driven up the price doesn't counter the effect of flooding the market with paper reciepts for shit that doesn't exist, in short the "spot" price is essentially awash because although speculators drive the price up, the paper comex drives the price down with paper.
Exactly, what people want to crash, isn't specifically comex.... it's the paper silver fiat and its manipulations, that are obscuring actual supply and demand.
I'm quite familiar with the argument about the COMEX paper scheme. I get it. However, I'm not going to weigh in on that here. My point is that I don't see how raising the margin requirement is any better for the shorts than it is for the longs.
Also, if you are a proponent of holding physical then you should be pleased that there is manipulation going on at COMEX and that you are aware of it. This gives you the unique opportunity to buy physical when you think it is mispriced/manipulated low and then to sell at an unfair profit when you belive that it is mispriced high.
I suppose that if one is taking full advantage of these mispricings then one would rather see low margins since that would enable more mispricings to occur at COMEX. After all, the higher the margin, the closer the futures price would be to the "cash" price and the less opportunity for profit from mispricings.
The "being happy about the artificially low spotprice" is a two-sided sword. On the upside, you can stock up more cheaper..... but if they succeed in the longterm on keeping the scheme up, what does true value matter when it is never realized?
The primary argument for PMs going up, is as ersatz-money in times of a global financial crisis... That crisis is unfolding right now... its still far from the peak, but its already underway. If the manipulations succeed in keeping PMs down during the crisis, then they will never reach the peak which they would otherwise reach.
So, as i said, it's a two-sided sword.... artificial cheapness is nice when you're buying, but what does it matter when you can never sell it for its potential value?
True, but manipulations never last forever. Eventually, the gig is up and you'll have your price discovery. Also, the manipulations will be a lot harder to maintain during a global financial crisis so if that comes to pass I expect that you'll get the price discovery you're looking for.
Don't get me wrong, I'm long term bullish on PM, bearish on fiat, and I think Tyler is a righteous dude. I just don't see why he keeps making such a big deal out of the margin hikes. In my estimation the margin hikes should help with price discovery and squash some of the shenanigans over at COMEX.
By buying silver on the open market, just like they are doing now. The difference would be that Industrial demand would have to shift over to the open market as well.
Gold and silver are traded around the world, practically 24 hours a day. When the COMEX goes, one of those other exchanges will merely expand to meet the demand. This won't be the end of the world people seem to think it is.
At worst, it would be the end of the dollar, but I'm thinking that won't be the case, as it has been falling gently rather than crashing and burning even as China divests itself. This is good for Americans like myself. It gives us more time.
What, no trolls? Why no trolls after posts about obvious market manipulation?
Let's see if we get the daily 6:30pm nose dive today.
Not yet. Maybe they're going to wait until 6:40, so it doesn't look so obvious.
6:54. nada. buy signal?
Looks like the "two for one" CME-hike acted as the replacement today. That, or "they" think 40 is enough for now.
OK. They never hiked margins like this on either gold or oil in 2008. I now have to favor the theory that there's a serious problem with inventory for delivery.
GG
i can assure you of one thing. what scares the fire out of the tptb is a population of people with gold and silver stored in their safety deposit box with but minimal activity with a commercial bank.
tptb want what they don't want the public to have (gold / silver) because a population that won't allow the tptb to fleece them by clipping the coins or inflating is an independent, free people.
make no mistake. they want your gold and silver so they inflate the debt away at your expense, while they remain protected.
When FDR confiscated gold he only got 1% of it. All of it was in (so called) Bank Safety deposit boxes. If you have gold and silver in a banks safety deposit box I would suggest you retrieve it ASAP.
i use the phrase safety deposit box metaphorically. i don't have one. don't trust 'em.
Confiscation seems unlikely. They would not get much. Especially after a few citizens shot some Fascist Goons...
Just like trying confiscate guns. Won't get them either.
States, CA for example, find all kinds of excuses to drill open safe deposit boxes and confiscating the contents.
Exchanging paper dollars for physical silver (and holding it) is inflationary.... which encourages more Silver purchases with Dollars. Low grade war really.
The host organism was fighting the infection and now the infection is fighting back.
JPM obviously has a huge fucking problem. Let's all help them and buy some physical. Also, if you bank at Chase, you are part of the problem.
I've just plopped $xx,000 on hard silver today. Loving it. I've been smiling all day every day since $8. Not ONE paper contract. Just buy every week or so.
Keep in mind that the dollar this year alone is taking a bath. So what's a little pull back of 10% or 15%... YUP, a buying op.
<-- Praying the price stays low until I can buy another 100 oz :D but i probably just jinxed it...
considering that there is no mean price silver. under 40 benny bux/oz is a gift...
if any country could drive the final stake into our financial system and put it out of it's misery, it would be saudi. just pick up the phone tonight and call osamaobamadad and tell him you will not take dollars any longer for oil. click. game over.
Ask for the Bin Ladin photos first though, right?
You are mistaken. If the Saudi Arabia did what you are suggesting, it would be over for them.
so... we're gonna fight iraq, afghanistan, libya, russia and china? is that what you're saying?
No, that's not what I'm saying. Who do you think protects the Saudis?
Why, I'm 100% certain they could start a revolution there in 15 minutes.
Which is how they would have to do it, since there is no way the House of Saud would ever do such a thing without first cutting a deal with Putin or Hu.
seems to be priced in thank to IB... IMO will we see now the other trend!
Looks like I might get a shot at this thing after all. Awesome.
Here's to the CME!
The PDF shows 2 increases.
One for Current Rates as of Wednesday May 04, 2011 : New Rates as of Thursday May 05,2011
And a second: New Rates as of Monday May 09, 2011
That should be good for another $2 smackdown in SLV tomorrow.
This is an exact replay of the Hunt Brothers.
Note how AAPL (flash crashes notwithstanding), Macy's, JCP, etc. are unfazed by all this screaming and yelling in the natural resource space.
Hunt Brothers? Those pair of p*ssies.
We are Legion.
We do not forgive.
guys, I don't want to interrupt.. but did you hear they caught osama bin laden?
yeah, but how do you get rid of freezer burn?
No pictures+burial at sea, lol.
Who?
...
Oh, right. They cancelled his series almost a decade back, though. And his movies suck.
Dug this out of a few searches, should be good for comparisons on monthly volatility in light of the margin hikes.
Monthly Metals Update March 2011 (no word on when April is out...)
http://www.cmegroup.com/trading/metals/files/MoMU.pdf
Monthly Metals Update Main Page
http://www.cmegroup.com/trading/metals/monthly-metals-update.html
Going into April, silver 20-day historical volatility was 30.41%
Copper was 27.25%
Palladium was 31.16%
Gold was 13.03%
Interesting, eh?
Yep but everyone was saying it would go huge volatility before it skyrocketed.
OT:
Police State Expands On Bin Laden Death Hype
Kurt Nimmo
Infowars.com
May 4, 2011
The Department of Homeland Security and police departments around the country are taking full advantage of the unverified fake assassination of the late CIA asset, Osama bin Laden.
In New York, the police “super-sized” security by dispatching a bevy of cops in elite, military style gear, according to the Examiner. Militarized cops were spotted with machine guns and large trained German Shepherds throughout major hubs like Grand Central Station, the Port Authority, Herald Square, and even in New York landmarks.
Time to break out my kit, and walk around in my full on body armor, and AR slung in the low ready position. I don't suggest everyone does this, especially if you live in a gestapo state.
Once the big boys on Wallstreet go down in a giant crash, the funk and stench of a thousand years will be released in the process.
All the concentrated tarry evil will flow out of it.
Reminds me of one of those "Star Trek TNG" episodes,
the one where Tasha Yar dies.
http://www.youtube.com/watch?v=wWlmVkcTVQE&feature=related
FROM MARKETWATCH?
Seek out stocks: As gold and silver tank, other assets can help hedge against inflation, says David Goerz of HighMark Capital Management, who recommends high-quality stocks with a dividend yield.
Boring .... come on, can't they come up with more creative idiocy? Seriously, propaganda and manipulation isn't what it used to be.... they don't lie consistently anymore, their desinformation is uncreative and obvious..... this is so boring. I demand higher quality desinformation!
Even Nadler is losing heart in his daily anti-gold tirades over on Kitco.
And the banter on CNBC has sunk from the disingenuous to the vapid and inane.
Ah, for the good ol' days, when Wall Street shills actually had a smidgen of credibility, and the dollar was "king".
In other words, buy GE, and all the other merchants of death.
All out in the bull pen past the left field foul pole and shit; but ibm be a good water play looking in the future. Them musselmen from the sunni to the shia be giving ibm water division virtually blank checks for their help in water from their vermont plant expertise.
Some TEVA buyer must read MarketAssWatch, as it took off today.
One of you blokes all up in here; circa last week suggested buying this paper instrument zsl iffin you think'd the paper trade in the precious would drop. Nice suggestion
That would have been me thank you.
Now that you are up 40 percent i say cash out, unless you got some big hairy balls.
Remember
bears make money
bulls make money
pigs get slaughtered.
No, thank you, TTroll.
Time out here; I had to look at this insurance policy to see what fok you be talkin bout. So I purchased them zsl prophylactics at $16.11usd per. So if I sold them back at $19.40 void of commission and taxation that be 17%. Still don't understand these silly instruments; however I do's have the leisure of having it explainn'd to thee by ms. Bjorn. Brooksley tried with no success as to the madness of these things.
Buying paper silver on margin has got to rank up there on the stupid-o-meter.
I think they would stop doing this if people stopped making margin call. This just looks like panic now.
Why don't they ban shorting the stuff also? "They" seem intent on aborting any free market operation anymore, yes?
"Free market."
Ha ha ha. The 'free market' is about as real as USAma.
Fuck, go ahead and hike your margins to $3000000000000000000000000000000000% morons! Just makes you look more desperate and everyone knows the cat is out of the bag!
Better upside for those who are holding the real deal.
You called?
Gold & Silver, Bitchez!!
http://www.youtube.com/watch?v=ZNGe7iK1O-4
Looks like I am not done buying this week!
I hope that jack that margin to the moon! the lower it goes the more I buy!
Anyone not using this as a buying op? is crazy... $2T worth of crazy and thats just to begin with.
Calm down. Just buy the miners for now, and quit huffing that wildfire smoke.
It isn't medicinal.
"...an silver contract..."???
Which Tyler is in charge of editing?
Lets see? Panicked industry salivating to hoard silver at whole sale liquidation prices today; along with silver investors buying it up from dealers all week by the tons. pinko socialist soros rumor "leaked" the commies selling silver. Same ploy used for the mealy mouth maggot to buy gold at bargain liquidation I might add. Remember the CME participants, propaganda media, & soros when the USDINKer dollar collapses. These slithering vipers are up to their reptile bellies in taking this nation to the broad road to financial fiscal destruction. Scoop up every physical ounce of silver you can while it remains at a liquidation price. I sense the globex close of last FRYday; 47.94 will be taken out quite soon as both gold/silver continue on to new highs. crimex probably know the silver shortage truth is all but fact in May deliveries? Certainly July! Why not just "OH THE PM HORROR" ONE LAST FRIGHTENING TIME TO FLUSH OUT; STOPOUT; MARGIN OUT, CLUB BABIES; CASTRATE WHINERS; RAPE FAMILY PETS, AND GET YOUR CRIMINAL INSDERS TO GO LONG NOW FOR THE NEXT RUN TO PM HIGHS. LAST OF THE PM PAPER FIAT CHASING UPSIDE WONKS SQUEEZED OUT. It will be very self evident soon, as the price in silver needs rise at warp speed or the last ounces are gone. Likely gone!
Interesting stuff.
Soros is pinko socialist in the same way as the NSDAP was.
I guess the lower price should lower demand. Oh wait. That's like the exact opposite. Oh well. Silver me timbers!
People shouldn't be able to leverage so much anyway. Nonetheless, does seem like COMEX is on the run.
Must be nice to be tight w/ CME and know about hike after hike after hike.
Government is the problem.
BEEP, BEEP, BEEP.... Just me backing up the truck.
For the commons; $2.2435182400 is the total melt value for the 1942-1945 silver nickel on May 04, 2011.
So what's next? More margin on gold? Corn? Oil?
The COMEX seems out of control?
I would like to point out the following: desperate people will do desperate things when they are in desperate circumstances. This is very obviously the desperate act of desperate people. The market must be at breaking point. We have several million ounces outstanding and they can't cover them. The market will default on this cycle. Buy and steam roller these fuckers into the dirt - a free market is what we want and what we'll have despite all this BS. And when the dust settles lets get these fuckers jailed.
Hi Ho SILVER! Away!
things in the silver market are worse than you all think and here's why. For some reason the bullion banks feel the nee to kill the silver geese.....the paper players, speculators, casino rollers. These are the players that DONT WANT TO TAKE DELIVERY !!! these are the players that keep the fractional game afloat. If the BB's piss off the gamblers who will be left to play their game....answer no one.....just those that will stand for delivery. The BB's know the paper gamblers are their bread and butter so why cannibalize them? why push tem out of the game. The BB's must need for some reason to get prices down rapidly regardless of how effects their interests past a week down the road. They are risking breaking their whole game by the current pillage of the riverboat paper gamblers.........why???
If you were in their shoes, what would you do?
Interesting point. But if silver eft has over 300 million ounces to its name then they may have made some nice pocket money by letting it slowly rise to $50 over months then crashing it fast (over days) . Short term profits always overide long term concerns which is why US industry has collapsed.
Perhaps they may want play the same tricks with gold
The only thing going down is the fiat price for silver, which is irrelevant now.
The bifurcation in the market for physical and fiat silver is now complete.
We are at a new stage, one where many people will panic due to confusion over price movements.
Price does not equal value, and vice versa.
An oz of silver is not worth any fiat paper currency amount, it is simply an ounce of silver.
Use this brief window of time to exchange overvalued USD fiat paper for physical silver and gold bullion.
If you have a USD denominated 401k, cash it out, pay the penalty, and use it to acquire as much physical as possible.
Do not hesitate, or listen to detractors because you know what is going to happen is real.
Don't let emotion cloud your logical thinking on this, it is the only way to protect your wealth.
I am running as an independent for president. Even though I hate gold bug scum I think you will see that we have a lot in common. If elected president I promise to burn everything down and hit the reset button. All bankers and financiers will be hanged after brief sham trials. Thanks for your support, and remember Gold 36000 for president.
SLV traded right to the 50dma today and bounced to close just above.
SIL miners closed on 20week moving average.
Nice, natural back stops for those looking to wade back into the casino w/ a nicely defined stop for insurance?
the real slv support is the 100weekma
If only we could trade futures on the actual silver margins. They would have performed better than silver. Aug '05 Mini NY Silver Margin $317, now $3780. Comex Silver Aug '05 $2700, today $18,900.
if you want to, go ahead! these are just the kinds of new products that the finance guys love! and, we could write and trade options on the new "futures" contracts, too!
then, we could have the banksters tell us what they are "worth" and how much money we made!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
with some stupid hot pockets going for $5 Gas $5 a gallon or so now.
How low do these idiots want to chase this stuff?
And then again maybe these particular inbreeds are more susceptible
to radioactive nuclides, their brains are melting.
So fuck 'em. And buy the living crap out of silver
the normal process of rising price,any marginal price rise require high margin,author do not be duck or stupid,just learn economics!Panic is good thing:"No one could expect it",are you crazy,I knew it will be-same thing was done with Hunters Bothers,i know it from friend who's 77 and lost his shirt just 3years back when he argued with me that oil not going lower from 100$,he was speculating from age 17,then,one night his portfolio was closed just to see in the morning all in plus-but he already was wiped out and owe marginal money to the bank!How had it work?Simply,learn guys before it happens to you:banks knows about such things,however they should require client to add money or security,but on perpose they have a rule-if your portfolio plunges more that 10% on marginal ballance they just do not risk it,they have autorobotic system making this decision for now and so,my friend also did not expect oil to go to 32$,his 60years experience was nothing compair to my intuitive smell of the amature trader with just 10years experience then,remember,you play with government sitting in front of PC tracking all positions and taking excatly opposite against herd!
usually people making huge mistake,after security plunge of 20-25% they think its over and start to get in,market maker who is major US banks knows it and they squeeze you even more by pushing price even more down some 10-15% making your margin cry and automatic position squeeze or delivery more funds-no one ready for such a bet,Be!
usually people making huge mistake,after security plunge of 20-25% they think its over and start to get in,market maker who is major US banks knows it and they squeeze you even more by pushing price even more down some 10-15% making your margin cry and automatic position squeeze or delivery more funds-no one ready for such a bet,Be!
can only do it to you if you're playing the ponzi paper silver game. House always wins.
Can we get some margin hikes for oil as well? It's time for a sell-off in paper oil. Can we hike margins for S&P e-mini's while we are at it as well?
http://www.youtube.com/watch?v=vWz9VN40nCA
Let's get physical...let me hear your money talk.
Margin call? Nobody called my margin on the physical shining in my safe........play with paper and you'll eventually get burnt
Yeah, no brainer on ZSL. Still long silver though long term. Christmas presents for everyone. :|
https://www.bulliondirect.com/nucleo/lp/Silver_Bullion_999_pure_Bars_Rou...(1.00_oz).html. Somebody asked above where you can get silver for under $40... Bulliondirect has been my favorite place. The ask on generic one ounce bars/rounds is under $40. Add to that commission and shipping though.
My futures on CME Silver margins are doing nicely!!!
if you don't trade on margin, margins are completely. fuking. irrelevant. forever.
So there's going to be two types of silver
-real & imaginary?
Genius!
Weekly chart warned what was ahead.
April 28:
http://stockmarket618.wordpress.com/2011/04/27/thurs-april-28