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CME Cuts Gold, Silver, Platinum And Copper Margins

Tyler Durden's picture





 

It has been so long since the CME cut gold and silver margins that frankly we are a little bit stunned... In an extended announcement, which saw outright margins for virtually every commodity get cut, the CME just lowered Initial and Maintenance margins of gold (by 12%) and silver (13%), to $7500 maintenance for GC and $16000 maintenance for SI. Did the paper bull trap season just open? And how long before these are re-hiked by 15%, 20% or more? For now, however, this is certainly near-term bullish.

 

 


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Thu, 02/09/2012 - 18:04 | Link to Comment JLee2027
JLee2027's picture

Sign that COMEX is dying off because they failed to protect MF Customers?

Thu, 02/09/2012 - 18:06 | Link to Comment LongBalls
LongBalls's picture

Presto.

 

Thu, 02/09/2012 - 18:15 | Link to Comment knukles
knukles's picture

Yowza!  Buy dem clients back whose wents elsewere.
Sheeeeit....

Thu, 02/09/2012 - 18:35 | Link to Comment Pladizow
Pladizow's picture

Kaaraling the heard?

Like a dealer offering free drugs - Its best to decline the offer!

Thu, 02/09/2012 - 18:40 | Link to Comment gmrpeabody
gmrpeabody's picture

I'm not getting it.... but I'm only a dog.

Thu, 02/09/2012 - 19:08 | Link to Comment AldousHuxley
AldousHuxley's picture

12/2010 - 12/2011 BLS inflation CPI-W

http://www.bls.gov/news.release/cpi.t04.htm

 

Food at home..............................6.1
Motor fuel................................ 10.3
Thu, 02/09/2012 - 19:27 | Link to Comment Troll Magnet
Troll Magnet's picture

Paging Mr. Celente...Mr. Gerald Celente...You may begin stacking paper again, sir.

Thu, 02/09/2012 - 20:15 | Link to Comment trav7777
trav7777's picture

MANIPULATION!!!!!!!

WAAAH WAAAH WAAAH

"TPTB" want to kill all the goled

Thu, 02/09/2012 - 20:20 | Link to Comment akak
akak's picture

It's baaaaack .....

Thu, 02/09/2012 - 22:21 | Link to Comment Comay Mierda
Comay Mierda's picture

Ah fuck, there is another MF Global brewing

Fri, 02/10/2012 - 00:09 | Link to Comment RockyRacoon
RockyRacoon's picture

It's easy.   It all boils down to these three little words in the article:

...paper bull trap...

Fri, 02/10/2012 - 17:17 | Link to Comment 4horse
4horse's picture

post-close 2/10, rr

sadly, you called it: wisely . . . am as thick a brick as ever came outta the kiln

Thu, 02/09/2012 - 22:23 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Trav. You are either naive or blind to not consider the 2008 drop in price and the subsequent price moves to the down side, all recorded over a matter of days (From $21 down to $9, 2008) as not manipulative. There were no reasons for the metal, in monetary or fundamental (industrial use collapses or bonanza discoveries) terms, to plunge so dramitically. That's not price discovery, that's manipulation and if you can't or won't see that, you are making ignorant remarks.

The COMEX has a ring of short sellers, AKA boaard members and banker buddies, who will change the rules as they see fit, write naked short delivery promises to take out "Stops" to either gain from their illegal activity or so that they don't realize a loss. Just ask the Hunts. 

No manipulation. KMA. (Kiss My Ass). "Waahhhhaaa". What a statement. What are you? Four?

Fri, 02/10/2012 - 00:07 | Link to Comment trav7777
trav7777's picture

Are you on crack?  There are sellers and there are buyers, dude.

There's no sinister power manipulating things so you idiot silverbugz don't getrichquick and become masters of the universe, ok?

Fri, 02/10/2012 - 00:16 | Link to Comment AgShaman
AgShaman's picture

Yeah, yeah, yeah.....we've heard your drivel before.

It's perfectly normal for the Chicago Mafia Enterprise to always keep the silver contract margins more than twice the amount for the gold contracts.

Fri, 02/10/2012 - 00:21 | Link to Comment tmosley
tmosley's picture

Trav thinks the markets are open and fair, lol.

Fri, 02/10/2012 - 00:45 | Link to Comment akak
akak's picture

You know, if I consistently received as many red arrows as Bob Moriarty, er, "Trav", in this forum, I think I would seriously reconsider my tack, my opinions and/or my very presence in this forum. 

There is something not quite kosher about a poster who is so consistently at odds with so many others (if not almost everybody else) here, and yet who insists on hanging around and regaling us with his unsolicited and unwanted "truths", often rabidly and maliciously so.  Isn't this the very definition of "trolling"?

Fri, 02/10/2012 - 00:55 | Link to Comment AgShaman
AgShaman's picture

Gollum hated those nasty little Hobbits' for having something he wanted very badly.

These PM and Silver Haters are like you said....rabid pathetic creatures. I feel pity for them.

I seriously doubt they would behave this way in the world away from their computer screens. Could you envision them giving Granny a verbal bashing in public for having her capital tied up in a MM or a CD earning a pittence....or having cash locked up in a bank with it's value evaporating daily?

Yet they come here to tell us "Fools" how crazy we are for turning 50% YOY for the last decade.

Like I said....I feel pity for the pathetic creatures

Fri, 02/10/2012 - 01:14 | Link to Comment tickhound
tickhound's picture

Extremist behavior?  Nuke Trav?  Premise noted.  Appropriate action pending review by "them"

Fri, 02/10/2012 - 06:09 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

No Trav. That's the real world talking. I was trading it and had a rather large trading account, (for the average bear, that is). I was burried by the manipulations, as were many others. There was no reason for the markets to behave the way that they did at the time. There were only manipulations. You try cornering the silver market on the long side why don't you, instead of dribbling incessant bullshit. Somebody must have clouted you alongside your head with a sock full of diarrhea, where it seeped in and is finding escape through the path of least resistance, your mouth. You truly are thick.

Straight from the horses mouth, which even Blind Freddie has seen:

"Central banks stand ready to lease gold in increasing quantities should the price rise". Ben Bernanke..... and they did and still do. Now, whose gold are they leasing Trav. Their own? Fuck me you're slow. Nothing of import to deduce here, Trav. Move along now, (pat, pat).

Sigh. What's the point?

Fri, 02/10/2012 - 07:34 | Link to Comment 4horse
4horse's picture

jesus. letters-to-the-editor .christ

Sigh. What's the point?

 

. . . don't know. yet did so . . .

 

mostly on account of this man: http://www.silverseek.com/commentary/enough-enough

 

bchilton@cftc.gov

CHILTON
 
have written to you before
 
the last time to acknowledge what appeared potential attempts at fairness, Justice, and/or just plain honesty, which of course never materialized
 
 
today saw you in a visibly discomfiting exchange with santelli on cnbc  .  .  .  while simultaneously trying to promote your new book
 
 
 
 
 
Lying is often easy, especially professionally  -politically-  when one's ambitions, career and future rely upon said Belief
 
 
 
 
you are beyond belief. nor believe what is expected said. even as if your life depended upon it  .  .  . 
 
 
 
 
which, not to be overlooked, would as well be consistent with the same people as, on the other hand, can see to the promise and promotion of, say, any published book
 
http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200-Years-Together-18.html
 
even as they insistently look over your shoulder every hour of every day, again consistent with the same people as edit texts and most future prospects in/and out of existence
 
and who no doubt will see this before you do: recording origin, isp and sentiment as with all such messages sent
 
 
 
not that they have anything new to tell you. nor, double-negative, anything these same sorta people don't already suspect 
 
 
 
preemptively. which's why, over-your-shoulder, they so vigilantly remain there: so closely. watched: cause most anybody already suspects what they've long-expected to suspect
 
protecting themselves. successfully, in effect. as well, e.g., as in fact__ There has been no instance, of which I am aware, of the CFTC ever busting up a manipulative crime in progress in history.
 
http://www.silverseek.com/commentary/enough-enough
 
not that there's anything here you don't already know. nor, doubling-down-on-dumb, show you something you don't know better than most everyone 
 
 
 
except them, same sorta people  .  .  .  criminal  .  .  .  doubledealing MF corzine to gensler. recused? while JPM excused from silver

 

*     *     *     *     *

ggensler@cftc.gov

jsommers@cftc.gov

somalia@cftc.gov

mwetjen@cftc.gov

 

likewise give it a try  .  .  .

Why

Fri, 02/10/2012 - 07:51 | Link to Comment mantrid
mantrid's picture

Purchasing power of the consumer dollar
(1982-84=$1.00).......................... - $ .449 $ .450
Purchasing power of the consumer dollar
(1967=$1.00)............................. - $ .151 $ .151

but what's the issue about?

Purchasing power of the consumer dollar
(2012=$1.00)............................. - $ 1 $ 1

seeee?

inflation is like vegetables: it's good'n'healthy, and grows rapidly.

Thu, 02/09/2012 - 19:18 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

 I can't understand anything like this unless it is explained by cartoon bears.

Thu, 02/09/2012 - 19:46 | Link to Comment akak
akak's picture

Too bad you need cartoon bears --- there is a whole channel of cartoon bulls on TV every weekday, one of whom likes to roll up his sleeves before dishing out the bull-shit wholesale in great stinking gobs after apparently smoking crack.  I think it is called the Cartoon Network Bulls Channel.

Thu, 02/09/2012 - 20:14 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

BOO-YAH!

Thu, 02/09/2012 - 20:23 | Link to Comment Transformer
Transformer's picture

Well, you know, it's a pretty dry subject, so, I think we should appreciate the humor.   The really funny part is that only a few people get the humor of it all.

Thu, 02/09/2012 - 21:10 | Link to Comment Raymond Reason
Raymond Reason's picture

ahahaaaha...hilarious!  Made my day. 

Thu, 02/09/2012 - 21:19 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Very clever akak!

Thu, 02/09/2012 - 18:30 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Step right up!  Get your own paper gold! 

It whitens the teeth, and you can eat it, too!

Thu, 02/09/2012 - 19:12 | Link to Comment Race Car Driver
Race Car Driver's picture

The large print giveth - the small print taketh away!

Thu, 02/09/2012 - 18:20 | Link to Comment nope-1004
nope-1004's picture

CRIMEX is dying bigtime.  PAGE will take a ton of biz away, as the crooked CRIMEX and CME are nothing but a Blythe Masters letterhead consortium.  Since MFG stole customer funds, the pig is dead.  Now, they are extending an invitation to anyone interested to come back into the ring and fight Medusa and Satan.

Here's some advice to any COMEX traders:  You'll lose!  You'll be stolen from.  And you'll have margins hiked again.

 

Thu, 02/09/2012 - 18:24 | Link to Comment ZeroPower
ZeroPower's picture

Hey look, theyre cutting margins everyone... MANIPULATION, MANIPULATION!!1111

Thu, 02/09/2012 - 18:28 | Link to Comment Michael
Michael's picture

The Nazification of America is in full swing bitches.

Heil Hitler!

Thu, 02/09/2012 - 18:45 | Link to Comment ffart
ffart's picture

Except Hitler's gonna act like this guy this time around --> http://www.youtube.com/watch?v=pwURoueDzFo

 

Thu, 02/09/2012 - 18:54 | Link to Comment Josh Randall
Josh Randall's picture

Did he say "egg Wuursh" ?

Thu, 02/09/2012 - 18:57 | Link to Comment stant
stant's picture

Not the colonel!! stants a ky colonel .how did we arrive at this dark situation! wish i could find one of those white suits lol. besides col sanders lived before chicken nuggets.  Ive met the guy that replaced him now .nice old gent

Thu, 02/09/2012 - 20:53 | Link to Comment JLee2027
JLee2027's picture

I used to cook KFC Chicken 35+ years ago. It still tastes the same to me and is damn good chicken!

Thu, 02/09/2012 - 21:18 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Yeah, but it ages you like a hug from Hillary Clinton.

Thu, 02/09/2012 - 21:48 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Yup. Can never wash it off.

Thu, 02/09/2012 - 23:07 | Link to Comment sullymandias
sullymandias's picture

Oh man. You better pray she doesn't sink her teeth into your neck while she has you in her embrace.

Thu, 02/09/2012 - 21:17 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

What most people didn't realize is that the colonel was just 39 years old when they made this commercial. 

Thu, 02/09/2012 - 18:55 | Link to Comment kito
kito's picture

@zero----i cant wait till canada, so rich in water and natural resources, unwillingly becomes the 51st state.......

Thu, 02/09/2012 - 20:11 | Link to Comment iDealMeat
iDealMeat's picture

You mean the next 7 states (territories)..  Obama already counted them remember?

Thu, 02/09/2012 - 20:50 | Link to Comment fasTTcar
fasTTcar's picture

I can't wait for Canada to buy out the bankrupt US for a few loonies and it will become the 11th province.

Actually, I can.  Not sure I want that many Americans voting in Canadian elections.  Currently, Canada is where religion and separation of church and state are actually practiced.

Thu, 02/09/2012 - 21:13 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Wait Kito!  I thought Israel was the 51st state?!  I can even find it on a world map.  It's just 90 miles south of Florida.

Fri, 02/10/2012 - 05:40 | Link to Comment Chaffinch
Chaffinch's picture

Didn't PanAm used to be the 51st state? What ever happened to them...?
; )

Thu, 02/09/2012 - 21:48 | Link to Comment ZeroPower
ZeroPower's picture

Congratulations on having dreams. 

 

The country is too small to fend on its own. Nobody fucks with Canada now only because it is your hat. Or you its underwear, whichever.

Thu, 02/09/2012 - 22:12 | Link to Comment ali-ali-al-qomfri
ali-ali-al-qomfri's picture

in this video a girl actually calls Canada the 51st state, no shit man you ain't kidding.
http://www.youtube.com/watch?v=MHtDF-z77wk&feature=player_embedded

Thu, 02/09/2012 - 19:58 | Link to Comment Dr. Engali
Dr. Engali's picture

Okay so they raised margins at $1,500 because of "volatility " and they lowered them at $1,750 and that doesn't make you suspicious.

Fri, 02/10/2012 - 04:56 | Link to Comment StychoKiller
StychoKiller's picture

Ya buy yer futures contract, ya takes yer chances! :>D

Thu, 02/09/2012 - 23:00 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Hey look, theyre cutting margins everyone... and no one's coming to the party. Very bland, low volume trading in Asia. Looks like ther're going to have to put on free booze... or cover some shorts to ramp the price. Might entice a few mugs.


Thu, 02/09/2012 - 19:28 | Link to Comment xela2200
xela2200's picture

Sorry, I wished the CRIMEX was dying, but I don't think so. PAGE will only increase trading from arbitrage both from US and China. The short positions are almost gone, and the big boys are positioning on the long side. If PM are going up, the crooks are coming for the ride and, I hate to say this, they will profit greatly.

Thu, 02/09/2012 - 18:07 | Link to Comment ddtrader
ddtrader's picture

Hit the nail on the head.  They need to get more sheep for shearing.

Thu, 02/09/2012 - 18:22 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Yes, what are they plotting?

Thu, 02/09/2012 - 18:25 | Link to Comment Thomas
Thomas's picture

Why no spike today? Did they leak it days ago to give the front running plenty of time?

Thu, 02/09/2012 - 18:41 | Link to Comment gmrpeabody
gmrpeabody's picture

A most interesting question...

Thu, 02/09/2012 - 19:27 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Sandpit's full of cat shit.

Thu, 02/09/2012 - 18:42 | Link to Comment Ponzified Plebe
Ponzified Plebe's picture

Asked the same question myself, not that I am going to complain about a cut in margin requirements. But with the promises of ZIRP till 2015 and the Bernank intimating at QE coming down the pipe, it seems to make absolutely no sense. Even if there were a margin hike later on in the future, would it do more than a couple days dent if the bullishness in the PM's continues, or even picks up steam? I am new enough to investing in PM's that I honestly couldn't say. I'll just continue to buy up the phyzz each payday, b/c whatever this means in the near-mid term, I don't think that the CME/CRIMEX will be determining price over the long term.

Thu, 02/09/2012 - 18:47 | Link to Comment Hopium Dealer
Hopium Dealer's picture

Basically people are running Usain Bolt style away from COMEX since November because of MF Global. COMEX needs these customers to come back, thus why they lowered margain requirements.

Thu, 02/09/2012 - 19:09 | Link to Comment nope-1004
nope-1004's picture

Zackly!  It makes "no sense" if activity were high among futures.  But it's slow, and any business that is slow has to incentify customers.

Is that manipulation?  Not really.  Is it desperation?  Hell ya!

Thu, 02/09/2012 - 19:54 | Link to Comment Hopium Dealer
Hopium Dealer's picture

The manipulation will come (in my opinion) around $1820 for gold and $42 for silver.

COMEX is a business, thus why they lowered the requirements, but when PM's start raising drastically, masta' will come in and give COMEX the order to rise requirements.

Thu, 02/09/2012 - 20:17 | Link to Comment trav7777
trav7777's picture

RIGHT BECAUSE THEY WANT TO KILL THE GOLED

Thu, 02/09/2012 - 22:58 | Link to Comment tmosley
tmosley's picture

Trav says "no manipulation".

Everything must be fine!  All markets are normal, with no manipulation whatsoever!

Thank be unto mighty Trav who knows everything!  Now we can all go buy internet stocks and shut up and listen to His mighty wisdom.  Yes, let us all do nothing, and give praise unto his great master.

Fri, 02/10/2012 - 05:02 | Link to Comment StychoKiller
StychoKiller's picture

Anyone that returns to the CME AFTER what happened with MFGlobal, is dain bramaged!

Fri, 02/10/2012 - 03:10 | Link to Comment ruffles
ruffles's picture

Never, never, never underestimate how long the market can stay irrational... imo

Thu, 02/09/2012 - 18:11 | Link to Comment akak
akak's picture

"New and improved C(ME)rack --- and half off for a limited time only!"

Thu, 02/09/2012 - 18:23 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

I'm in if they throw in some wolf nipple chips.

Thu, 02/09/2012 - 18:27 | Link to Comment IAmNotMark
IAmNotMark's picture

Get'em while they're hot...they're lovely!

Thu, 02/09/2012 - 19:39 | Link to Comment akak
akak's picture

I'm sorry, wolf nipple chips are only available at the Chinese citizenism citizens kiosk --- please check the opposite side of the food court.

The CME/CRIMEX stand does, however, sell some lovely imitation, pulped-paper food product snacks in the shape and appearance of authentic wolf nipple chips, with every bit of their flavor and health benefits.  Really, they're just as good, if not even better!

The operators of this particular snack stand would, however, much prefer that you not actually take possession of your imitation, "just as good" pulped-paper wolf nipple chips, but instead merely take their word that their chips are indeed truly delicious, while allowing them to hold your just-as-good paper wolf nipple chips for you in their ultra-safe vaults.  Management is, however, not responsible for the spoilage or loss of any imitation wolf nipple chips thus stored, nor for the inexplicable loss of any wolf nipple chip trading accounts.

Fri, 02/10/2012 - 05:03 | Link to Comment StychoKiller
StychoKiller's picture

Truth is so hard to come by, BRAVO!

Thu, 02/09/2012 - 18:11 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

this could have catalyst thed 30 point GC sell off intra session today - 

they certainly have not lowered equity margins as apple added 5 billion market cap today 

http://hedge.ly/xCb7WU

Thu, 02/09/2012 - 18:28 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

 

What an astoundingly ridiculous inference. Is it a conspiracy theory for the CME to attempt to attract customers? I understand that silverbugs are still licking their wounds after getting totally annihilated today post fix, but that doesn’t give you the right to come up with this preposterous nonsense.

 

Thu, 02/09/2012 - 18:29 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

MDB - you need to refresh your lying skills.  You've really fallen off of late.

Thu, 02/09/2012 - 18:31 | Link to Comment Pladizow
Pladizow's picture

Agreed!

Thu, 02/09/2012 - 19:00 | Link to Comment nope-1004
nope-1004's picture

MDB, why would a reputable, clean, organized clearing house interested in only being "a mechanism for true price discovery" need to attract customers?

LMFAO!!

Thu, 02/09/2012 - 19:35 | Link to Comment kill switch
kill switch's picture

MDB,

You have been unmasked!!! Your troll badge has been terminated for amateur behavior...not in the positive sense,,, Now get your fucking shine box!!

 

Thu, 02/09/2012 - 20:41 | Link to Comment Transformer
Transformer's picture

MDB is the real thing.  First place-- Hamy Wanger, second place--MDB.  the two of them have defined the medium.

Thu, 02/09/2012 - 21:25 | Link to Comment Flakmeister
Flakmeister's picture

You have a question waiting for you.... take a guess where....

 

Thu, 02/09/2012 - 18:38 | Link to Comment zerotohero
zerotohero's picture

Oh you - your such a fussy pot - shame on you MDB.

Thu, 02/09/2012 - 18:41 | Link to Comment AC_Doctor
AC_Doctor's picture

MillionDufusBoner junked over and over, again and again.  You must have 2nd biggest collection of downward inverted red arrows other than the infamous RoboRoach!

Thu, 02/09/2012 - 19:00 | Link to Comment NotApplicable
NotApplicable's picture

Keep that up and you'll give him a chubby.

Thu, 02/09/2012 - 19:45 | Link to Comment Dr. Engali
Dr. Engali's picture

I just wonder how many people fall for his posts and junk him and how many people just junk him for the heck of it. Personally I think he is Robo. The two are never around at the same time. Although I have seen MDB respond to a commentator.

Thu, 02/09/2012 - 20:31 | Link to Comment espirit
espirit's picture

I just like to junk It's junk, whether MDBoner or Robotard.

Thu, 02/09/2012 - 19:45 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Laughed my ass out Mdb. You still hoarding dollars, you unpatriotic piece of shit?

Thu, 02/09/2012 - 19:03 | Link to Comment LookingWithAmazement
LookingWithAmazement's picture

COMEX of LBMA crash will never take place. It's a myth. Boring world we live in.

Thu, 02/09/2012 - 19:09 | Link to Comment xela2200
xela2200's picture

The CME is rising rates? I don't understand. That is impossible. It does not compute.

I have to go lay down for a minute.

Thu, 02/09/2012 - 22:35 | Link to Comment Buck Johnson
Buck Johnson's picture

Bingo, and most of the customers know that CME helped to have MF Global to essentially get away stock free from the situation.

Fri, 02/10/2012 - 19:47 | Link to Comment thewhitelion
thewhitelion's picture

RIP

Thu, 02/09/2012 - 18:09 | Link to Comment hack3434
hack3434's picture

Must.persuade.the.gamblarz

Thu, 02/09/2012 - 20:33 | Link to Comment espirit
espirit's picture

The Sheeple have left the casino.

Let's starve the Bitchez.

Thu, 02/09/2012 - 18:05 | Link to Comment LongBalls
LongBalls's picture

PM's are bullish no matter what they do. UP YOURS CME!

Thu, 02/09/2012 - 18:06 | Link to Comment junkyardjack
junkyardjack's picture

I'm sure that must have been a typo in their press release

Thu, 02/09/2012 - 18:07 | Link to Comment vast-dom
vast-dom's picture

 

 

 

FUCK THE CME STOP FUCKING BLATENTLY MANIPULATING "FREE" MARKETS

THERE IS NOTHING FREE ABOUT CME/COMEX JERKING PM'S

SILVER TO $50+

Thu, 02/09/2012 - 18:16 | Link to Comment toothpicker
toothpicker's picture

SILVER TO $500+

 

fixed it for ya...

Thu, 02/09/2012 - 18:32 | Link to Comment vast-dom
vast-dom's picture

u fixed it good, now rig it

Thu, 02/09/2012 - 19:37 | Link to Comment kill switch
kill switch's picture

now rig it!! HA Thank You

Thu, 02/09/2012 - 18:32 | Link to Comment vast-dom
vast-dom's picture

to the neg voter: smoke my yid while u google the jew google founders and my big black kike

Thu, 02/09/2012 - 19:16 | Link to Comment vast-dom
vast-dom's picture

suck it you haters racists and inbreds! my liz-liz-lizard love you all!

Thu, 02/09/2012 - 19:27 | Link to Comment blunderdog
blunderdog's picture

Are you like 12?

Thu, 02/09/2012 - 21:03 | Link to Comment vast-dom
vast-dom's picture

like like 13 -- comments for the kids vast-dom for the kids!

Thu, 02/09/2012 - 18:07 | Link to Comment Spider
Spider's picture

who cares - you shouldnt be buying gold/silver on margin...

Thu, 02/09/2012 - 18:18 | Link to Comment fonzannoon
fonzannoon's picture

Exactly

Thu, 02/09/2012 - 19:02 | Link to Comment NotApplicable
NotApplicable's picture

Or worse, as Celente discovered, don't pay for the full contract and expect delivery, or you'll get Corzined twice! No gold, no cash, just farked in the ass.

Thu, 02/09/2012 - 21:23 | Link to Comment Papasmurf
Papasmurf's picture

Could make a new rap tune from that.

Thu, 02/09/2012 - 18:07 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

As the funny looking alien Rebel general in "The Empire Strikes Back" said: "It's a trap!"

Thu, 02/09/2012 - 18:18 | Link to Comment achmachat
achmachat's picture

Admiral...

Thu, 02/09/2012 - 18:26 | Link to Comment seek
seek's picture

Admiral Ackbar, a Mon Calamari. Such a common reference it's the first thing google pops up when you type "admiral."

Yeah... This is freaking bait. It's not like AU has gotten any less volatile.

It could be a sign that TPTB also need to re-prime the AU control pump for something big down the road. I could see them cutting margin now, letting things get going, and then raising them just as greece goes boom. Or maybe just as the US goes boom.

Thu, 02/09/2012 - 18:47 | Link to Comment Ponzified Plebe
Ponzified Plebe's picture

You could be right, but at that point will a margin hike really matter? By the time the US goes boom will CME/CRIMEX be setting price? That's why the move makes no sense to me, unless they are capitulating to the bull market to maintain any shred of credibility after MF Global. Fuck, what do I know, it's one of the weirder peices of news I have heard in a while.

Thu, 02/09/2012 - 19:16 | Link to Comment seek
seek's picture

I, like most here, am positive it's a setup/trap. It's the purpose that's a mystery. Option 1 is to keep COMEX relevant, and option 2 is to build up some fresh powder for manipulation down the road -- when the powder gets used is open to speculation.

Either way, it's a positive sign in a way, since any interpretation points at TPTB losing control of AU.

Brings a smile to my face knowing someone, somewhere in the bowels of the oppressors is losing sleep over this and making an effort to regain a handle on things. Enjoy the little things, you know?

Thu, 02/09/2012 - 20:26 | Link to Comment delacroix
delacroix's picture

retreat, and set up a defensive position, on higher ground?

Thu, 02/09/2012 - 18:07 | Link to Comment jekah
jekah's picture

Sorry if this off topic, but I think it's worth noting for anyone interested in markets and/or China (especially if it continues).

http://mpettis.com/cgi-sys/suspendedpage.cgi

Thu, 02/09/2012 - 18:12 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

FYI for those who do not know, Pettis is considered one of the best China analysts.

Thu, 02/09/2012 - 18:13 | Link to Comment akak
akak's picture

Your link goes nowhere, except to a page which states:

"This account has been suspended"

Thu, 02/09/2012 - 18:32 | Link to Comment Black Forest
Black Forest's picture

I am deeply and seriously depressed. The link sounded so promising.

Thu, 02/09/2012 - 23:01 | Link to Comment Carmagnole
Carmagnole's picture

Behold, the magic of the interwebs

http://web.archive.org/web/20100830222540/http://mpettis.com/

On a side note, in all the copies saved after August 30th 2010, the unique way the articles were replaced by viagra spam carefully crafted to look at first glance like the original articles seems to indicate a governmental hack by the chinese authorities to discredit the webpage, which make this link all the more interesting.

Thu, 02/09/2012 - 19:06 | Link to Comment jekah
jekah's picture

Right. He lives in China and blogs about their economy, sometimes in not very flattering terms. Looks like he's been shut down.

Thu, 02/09/2012 - 19:14 | Link to Comment akak
akak's picture

Just one more example of intolerant, crypto-fascist, hypocritical, repressive, blobbing Chinese citizenism.

Thu, 02/09/2012 - 19:50 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Mine says; "This Accountant has been suspended.".

Thu, 02/09/2012 - 20:00 | Link to Comment IrritableBowels
IrritableBowels's picture

Google search results for Michael Pettis China:

Buy Online Viagra, Cialis, Levitra   mpettis.com/Cached - Similar You +1'd this publicly. Undo This site may be compromised.
Two weeks ago on Wednesday night, after the Chinese markets closed, the People's Bank of China announced that it had cut the minimum ... Posted in Consumption and production, Economic growth • No Comments » .... Michael Pettis' book ...
  Looks like he's been hacked.
Thu, 02/09/2012 - 21:08 | Link to Comment Cathartes Aura
Cathartes Aura's picture

I did a non-gaggle search, came up with this, may be of interest - it was the most recent Pettis link I could find;

Its impossible to prove one way or the other, but Horner sent me a paper in the Oxford Review of Economic Policy, by Oxford’s Bent Flyvbjerg, with the rather alarming title “Survival of the unfittest: why the worst infrastructure gets built—and what we can do about it”, which suggests why we need to be so worried about infrastructure spending in China – aide from the fact that the numbers are simply huge.

http://www.pmflegal.com/blog/index.php/2012/01/27/with-her-debt-in-tow-w...

Thu, 02/09/2012 - 18:09 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Raise it to 100% (no margin).  Cash only for PMs!  Physical only!

Speculating is dangerous.  Holding is fun...

Thu, 02/09/2012 - 18:20 | Link to Comment knukles
knukles's picture

Hah ha ha hahah haaha hhha hahahah
Fuck me.....
What a twisted world.
Yeah.
And then ask for delivery.
Actually, maybe they'll go all the way to zero margin and really get the troops back home before Christmas

And how long ago was the term CRIMEX figured out?
Like the nukes; Turkey Point, Millstone....
Can't make this shot up, eh?

Hey, I got an idea.
Let's start some false rumors about Greece, Portugal, Spain, Italy, Cypress. Mongolia and Buhtan.  Just for shits and grins.  Nobody'd be any the wiser, anymore, anyhow.
I can just see the folks on CNBS......

Thu, 02/09/2012 - 19:13 | Link to Comment Peter Pan
Peter Pan's picture

I agree, otherwise you fall victim to their margin manipulations. Furthermore margins turn your precious metals into something like the fractional reserve banking which itself makes the financial structure quite fragile.

Thu, 02/09/2012 - 18:14 | Link to Comment fuu
fuu's picture

Silver bitchez!

Thu, 02/09/2012 - 18:11 | Link to Comment laserjock
laserjock's picture

All the easier to raise them later in a pinch. If they only raised requirements, they would quickly run out of ammo when TSHTF.

Thu, 02/09/2012 - 18:11 | Link to Comment tony bonn
tony bonn's picture

this cut is most emphatically an ambush...trade wisely

Thu, 02/09/2012 - 18:13 | Link to Comment caerus
caerus's picture

physical bitchez!

Thu, 02/09/2012 - 18:13 | Link to Comment Cult of Criminality
Cult of Criminality's picture

Hmmm.......... Strange times indeed. Should I trust them..............?

No

 sticking with physical.  Up yours again CME

Setting up the whales for the kill maybe?

Thu, 02/09/2012 - 18:21 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Cue inflow of money from weak sheeple hands.  Must be building up a margin reserve for some big takedown a few days hence.  We'll see.

Just keep stackin'...

Thu, 02/09/2012 - 18:13 | Link to Comment absente reo
absente reo's picture

Bullish?  Why?  It's simply a reflection of lower volatility since September last year.  ATR is still high, just not as high as it was.  Even presuming there was a correlation between ATR and directional price movement, we know not if volatility will increase, or continue to decrease, from here.

Thu, 02/09/2012 - 18:14 | Link to Comment MsCreant
MsCreant's picture

Comingle with us, puhleeeeeze! We promise it's a gas (as in vaporization).

Thu, 02/09/2012 - 19:39 | Link to Comment knukles
knukles's picture

Ain't it amazing?
When it comes so far beyond the plae, some numbnut adherent of Fast Eddie Bernays comes up with something along the lines of "the money vaporized."

Many folks claim the average Joe to be the dolt, but even them that follows this kinda shit knows that the only place money vaporizes is in the care of Unclethug.

Thu, 02/09/2012 - 20:30 | Link to Comment delacroix
delacroix's picture

I like it   THE COMINGLEX

Thu, 02/09/2012 - 18:16 | Link to Comment Zero Govt
Zero Govt's picture

CME throws some sweeties at the punters..

..because the soup has gone sour

Freeze out the CME

..buy physical and get rid of your digitised FRN's held with cooked book banks too

Thu, 02/09/2012 - 18:14 | Link to Comment agent default
agent default's picture

There was a mention in an article here some time ago that the Asian investors are bypassing the exchanges and buying their physical silver directly from the miners.  That's also beginning to become a trend in the US. The CME wants to get people off the physical and back to their paper bucketshop again.  Just say no.

Thu, 02/09/2012 - 18:21 | Link to Comment wrs1
wrs1's picture

the miners must be selling at steep discounts then because their stocks are just going through the floor as the rest of the market continues to rise.

Thu, 02/09/2012 - 18:54 | Link to Comment agent default
agent default's picture

They are, courtesy of the CME.  Miners sell physical at spot plus some sort of premium to offset handling and other expenses.  But, it is always better to own the physical commodity than the producers shares.  So demand will move the metal before and more noticeably than the shares.

Thu, 02/09/2012 - 21:13 | Link to Comment Big Corked Boots
Big Corked Boots's picture

And for the man in the street, here's a silver miner who accepts credit cards:

http://www.store.firstmajestic.com/

Thu, 02/09/2012 - 21:30 | Link to Comment DosZap
DosZap's picture

Big Corked Boots

 

So does Gainsville, and their Premiums were not that expensive.

Thu, 02/09/2012 - 20:29 | Link to Comment trav7777
trav7777's picture

oh STFU with this nonsense

Thu, 02/09/2012 - 23:00 | Link to Comment tmosley
tmosley's picture

WHAT!?  You were the one saying that all the users got their silver straight from the mines!  You fucking idiot, now you are claiming that the Chinese DON'T get it from the miners!?

Hail the king of hypocracy!

Thu, 02/09/2012 - 18:18 | Link to Comment silvercountry
silvercountry's picture

Fool me once shame on you fool me twice shame on me.

Thu, 02/09/2012 - 18:24 | Link to Comment nope-1004
nope-1004's picture

Try to fool me three times, then you must be a desperate banskter-shill-whore.

 

Thu, 02/09/2012 - 18:36 | Link to Comment NotApplicable
NotApplicable's picture

Fool me once, shame on you. Fool me twice... well, I won't get fooled again!

Thu, 02/09/2012 - 19:43 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Good Ole Gee Dubbya. wait.. I have a video for ya!

 

http://www.youtube.com/watch?v=eKgPY1adc0A

 

Barack O'Bamas last job.

http://www.youtube.com/watch?NR=1&v=AuWkgweGIQE&feature=endscreen

 

 

Thu, 02/09/2012 - 20:24 | Link to Comment Au Shucks
Au Shucks's picture

+1mm for that classic from the bumbler himself

Thu, 02/09/2012 - 18:19 | Link to Comment Saro
Saro's picture

Relevant video.

Thu, 02/09/2012 - 18:19 | Link to Comment surf0766
surf0766's picture

So this means someone big is selling gold and wants the price to increase ... no?

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