Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Silver down almost 9% today!
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1359758:MV8xNDcxODQwXzI0MjU3OTgxXzhFNTgwQUVB] Silver was in a Blowoff ... and Blowoffs never end well. All they need is a trigger to stop their vertical rise and then they will tend to collapse down due to their own weight. That trigger for that collapse came last week when the Futures Regulators RAISED the Margin Requirements TWICE, the second rise to take effect as of today (tiwce in one week!! unheard of!!). In addition they released a statement, or made some comments to the effect that if silver kept going up they would RAISE Margin Requirements AGAIN! Voila ... the futures traders started bailing left and right. The real answer as to Silver's strength will come after the HIGHER Margin Requiremens AND Margin Calls, from this sell off, are finished impacting the market (a few more days "IF" prices now stabilize at this new, lower level and there is NOT another INCREASE in the Margin Requirements). Physical Demnand has been strong ... but where the CASH WITH NO LEVERAGE buyers are on the price point scale is yet to be determined. Commercials are already looking at product substitution ... and mines are already working on increasing output. I like silver ... but it clearly was in a "Blow Off" phase. Anyone who looked at the monthly, weekly, or daily chart could see that. [/quote]
Wow, silver is down pretty big today...I was expecting it to go up not down and certainly not down this much!
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Pentagon Announces It Will Quarantine Soldiers Returning From Ebola Mission
Nintendo is making a fatigue and sleep-tracking health device
Pope Francis: ‘Evolution of Nature Is Not Inconsistent With the Notion of Creation’
Government Agencies Are Secretly Going Through Your Snail Mail, Too
Breast Cancer Charity Accused of Partnering with Corporations Linked to Cancer-Causing Products
Rising Global Temperatures from Climate Change Linked to Increase in Violence
Flight MH17 - What You're Not Being Told
Lowe’s Hires Robots for the Holidays
Chicago Official Illegally Offers Cash, Prizes for People who Vote
7 in 10 Young Americans Too Fat, Uneducated, or Criminal to Join Army
Reid warns of impeachment fears in fundraising email
Obamacare Covers Foreign Diplomats
New Crystal Could Let Divers Breathe Underwater
Scientists Found Signs Of Life Deeper In The Earth Than Ever Before
Ex-CBS reporter says government bugged her computer
Businesses and schools prep for civil unrest in Ferguson
Muslim Leader Warns Canada It’s ‘Under Attack’
Did You Hear? Texas Plans to Fingerprint EVERYONE within the Next 12 Years
Now We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin
Globalization = Permanent Instability
Google Pill to Diagnose Disease
WTO Says U.S. Consumers Don’t Need to Know Where Meat Comes From
A Dallas Company Finds Profit in Video-Only Jail Visitations http://www.
Why Are TV Stations Advertising Viagra to Children?
Pope Contradicts Genesis Account of Creation, Argues ‘God and Evolution’ Are Compatible
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.005s (5 queries)