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CME Hikes Silver Margins By 11%
In a day in which silver was pounded the most since September 2013 without any fundamental reason to explain this weakness (aside for the extensively discussed Precious Metals-USDJPY funding pair trade, so favored by the central banks to punish gold/silver while pushing risk higher), many are wondering: what was the reason for this crash? Well, in a day in which Yellen now openly advised Democrats in a non-public setting about Fed policy, is it that ludicrous to assume that someone leaked the following announcement made after the close by the CME, namely that silver margins were just hiked by 11%?
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Ha ha ha ha ha
I have nothing more intelligent to say. It's all a farce.
Farce indeed. Greatest irritation of all of this is that they are doing it in broad daylight. Try telling fellow sheeple about any of this and you are knee-jerked as a tin foiler. Fuck the masses.
Banana Fucking Republic.
Does that make your odds of getting caught at the border 11% greater?
Incestuous bastards!
Who gives a fuck about margins. Buy and store silver don't trade it ffs, it's an insurance policy for when those stupid evil trillionaire rich kids lose control of their economic trainset.
I say raise the margins all the way to 100% cash settlement at delivery.
so does this mean that its 11% more expensive to buy and sell physical Silver they dont and never had in order to continue to manipulate the phony paper price???
just asking...
DEATH TO THE MONEYCHANGERS.
No, it's for the evil speculators who jumped on the silver bandwagon from the beginning of the year. Have to crush the animal spirits of any who dare to Long the mighty silver, feared by vampires, warewolves and Central Bankers around the world.
11%, coupled with today's little setback, means that anyone buying size on margin just saw their equity go POOF and they will be forced to liquidate positions, adding to the selling pressure. Brilliant in its simplicity and effectiveness in crushing the silver "market".
As pointed out elsewhere in these comments, there is no longer any attempt to hide the interventions. It's not hard to look at the order flow to identify the responible party(s), yet our regulators do nothing.
Can the paperbugs really think the equity markets are safe? That they will not have their turn to get fleeced?
Like I said at the outset: ha ha ha ha ha!
"As pointed out elsewhere in these comments, there is no longer any attempt to hide the interventions. It's not hard to look at the order flow to identify the responible party(s).."
do tell...unless u mean by sheer volume it MUST BE THE FED???
F*** margins! Convert any fiat you have into tangible assets (like silver) NOW! or loose it all to inflation. PERIOD!
Converted more inflated FIAT for more depressed physical today to take advantage of the fire sale.
THANK YOU CENTRAL BANKERS !
B.. B.. But.. But Martin Armstrong says there is no mainpula.......
Oh never mind.
"..Can the paperbugs really think the equity markets are safe? That they will not have their turn to get fleeced?.."
This is exactly right. They will bethe last to be raped right before the bail ins. And then world war three. And it will be made to look like someone else's fault.
I cant wait for all these blue chip dividened paying boomers to get their sphincters crucified, because it'll be the last hurrah. Thats also when there wont be an ounce to found anywhere.
Dr Richard Head: " Try telling fellow sheeple . . . "
and you're likely to get a completely blank look on their face. No comprehension of the significance at all.
Might have better luck telling your dog or cat.
Right in the Bible it tell's people to behave like sheep.
And who wrote that fairy tale?
Were they also the same bankers that added the entry about forgiving your persecutors and turning the other cheek?
No, Jesus threw the bankers (money changers) out of the temple. Maybe try reading a book some day.
Biggest hoax pulled on the goy.
Actually it says to be "WISE AS SERPENTS but harmless as doves." - Matt 10:16
I like your attitude dick. I'm gonna keep my eye's on you! (LOL)
As we all sit back and ponder fucking the Banksters/Regulators at some future date; I bought a tube of SE's today... Just saying.
I tried fucking the masses...but it's hardly satisfying because all they do is lay there and sweat.
This really does show there's literally zero fear of legal repercussions. I'd actually say because it's done so boldly and in your face that either it really is game over for legal recourse, or like so many things, the traders doing this are underestimating risk (seriously, not everyone can be an untouchable Corzine.)
I'd be afraid of a shakedown by the Feds with this level of arrogance at play, it's got to be worth a few billion in fines and a slap on the wrist at the very least.
FUCK THE CME!
https://www.youtube.com/watch?v=yloaBw80fV4
Great plan. Simple; easy to remember.
This means they can't raise them again for a long time right? So green light for traders to buy?
And no one ever gets indicted. Amerika!
Don't expect the regulators to to anything about this. Expect reality to do a whole lot more.
The CME? Just another sad excuse in a long line of sad excuses.
These criminal outfits have no shame.
Its all fun and games till supply side problems rear their ugly head, strong dollar or not..
I for one appreciate the discount..
Precisely.
Who cares? It's all a charade anyway.
If you're aware of the current situation financially in America, as well as around the globe, you aren't trading the paper market anyway ( unless you are foolhardy, connected, or a Hell of a lot better trader than most ).
Just an opportunity to add to your stack.
Carry on.
edit; You'll know people are starting to lose bladder control when they go with successive margin hikes like they did in the past.
Agreed, I added to the stack big time today...
With oil down to $44, India is saving more than $100 billion a year in oil imports. Maybe that money will go to gold and silver imports.
China is saving $175 billion a year on its oil import bill - that should help its gold and silver purchases.
That is some serious coin..
Unless country's are stockpiling oil to get thru the economic collapse that astute ZH readers know is coming...? Apparently, the US already has about 6 months worth of Strategic Oil Reserves. DHS/FEMA will burn thru that in a month. Get your "Preps" ready. This feels different to me...
Speechless.
FX got "fudge packed" last week and NOW it's PM's turn.
Yeah, I've got confidence (oily discharge) leaking from my bung hole.
That was the "fake tuna" article. My Bad ;-)
You rang?
You made my day. {Thanks} Here's the Tuna article. It's many farces ago, so you should get a good laugh.
http://www.zerohedge.com/news/2013-03-02/first-horsemeat-trading-now-59-...
Ahhh, delicious meat...
I think this is what happened in 1980 also. I guess these guys really don't like silver above 18.
One thing's for sure. Volatility is back, and I like it. The banksters? Not so much....
The VIX is trading the 18 handle still. PATHETIC!
Awesome. Send all that PM interest over to AU.... It's the only monetary metal on the CB balance sheets anyway... People, just liquidate Protection Rackets like AMZN (its shareholder equity increased by less than additional paid in capital...) and NFLX to raise cash and buy gold EACH AND EVERY day. Use the nearly infinite abuse against them.
defence line N3 of banksters. We are comming motherfuckers
What a gift for those stacking physical. It reeks of desperation of the end game so close you'd likely not wake up after the superbowl with a false flag and the whole world changed suddenly overnight. Keep your friggin hands off all the real money gold and silver you peons and die a fiancial deatrh like none other. hahahahahahahaha! Kill the vampire squids with silver bullets!
These should work.
http://www.jmbullion.com/silver/silver-bullets/?gclid=COz-3IvEusMCFQeKaQ...
They'll do the same to gold within a week.
I'm sure the insider trading around this will be thoroughly investigated. /sarc^2
The margins on my Maples don't seem to have increased at all.
Do I need stronger eyeglasses ?
You need more Krugman - you need more glasses
Do the shorts have to cover? Lol... or is that a national security thing.
Keep stackin. Im not selling at any price.
i am..and that price is zero...
that is, when the dollar reaches its true intrinsic value of ZERO...
"tic, meet toc....."
CME needs a little extra to cover a few "cash flow" issues?
Is this considered a large/average/small margin hike?
These dudes are more desperate than I thought. They cant even handle 18?
Yea I guess 18 ment it was a really overheated market that needed cooled off.
It would appear more significant than desperation......more like PANIC.
You can smell their blood in the water. The smack down and raising the margin requirments are actually signs of desperate weakness.I'd double down if I saw this moron at the poker table.
just keep cost averging in boys!!
QUIT feeding the bear...quit buying options and synthetic's that end up lining their pockets. How many freaking times have we seen this goat rope where the SOB's crash the HUI, crash the CRIMEX and take the money. Rinse Repeat....just buy the Phys. At least you will have something to show for your $$$.
BACK UP THE 40-foot TRAILORS.
HAUL THE LOOT AWAY.
PERIOD.
I just looked at my silver...
It's still there, there was no margin call and last time I checked, there was nobody else on this planet that had a claim to it.
Not sure what all the fuss is about.
Good for me, the AUD is dropping like a brick so I need silver to drop just to maintain my ability to keep stocking up
NOT, There's no way Stevens and the RBA drop rates next Tuesday with Aussie on the .7700 handle.
The RBA will keep their powder dry, and use the devalation to drive demand. There's NO WAY a central bank is going to lower rates when their currency is on target. Stevens over shoots with his .7500 number, and he knows it.
The TRUE terms of trade with Aussie are in the mid-low .80's. The $usd is way overbought. Assuming a 4-5% $usd correction, that puts Aussie in the low ~mid 80's.
BTFD!
Fucking Tribe.
This is so desparate it fortells something bad this way comes.
Lord Jesus, wipe out the bastards if they won't repent.
Madoff must of only taken one class at the fed.s, Ponzi U., if he would've went to the second class he'd of learned of the, Ponzi-plus, action.
that's where you can charge your customers ever higher margins on the their assets that don't exist.
who'd of thought Madoff was one of the more honest financial persons in nyc..