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 >>
Are You On A Government Watchlist?
U.K. Supermarket To Run On Electricity Made From Its Own Rotting Food
MERS Virus May Be Able To Spread Through The Air
Smart Seatbelts Detect Drowsy Drivers
The Fight Against Fake Birth Control
The Moon Could Be Littered With Fossils From Earth
The Islamic Confederacy is Forming
Massive dust storm moves through Arizona
Northern California neighborhoods inundated by rattlesnakes due to drought
North Korea threatens nuclear strike on White House
How ‘Fifty Shades of Grey’ Deceives the Public and Why It’s Dangerous
Ebola can spread like ‘Forest Fire,’ US warns
This Mysterious Signal ‘Could Not Be Explained By Known Physics,’ Astronomers Say
Now two NEW large holes appear in Siberia
U.S. Congress Banned from Editing Wikipedia After Staff Caught Trolling
Big Pharma’s Latest Trick: Testing Meds on Homeless People
Pesticide linked to three generations of disease: Methoxychlor causes epigenetic changes
EFF Asks Court To Declare NSA's 'Internet Backbone' Collections Unconstitutional
Court: Doctors can't ask about gun ownership
Satanists want to use Hobby Lobby decision to exempt women from anti-abortion laws
NASA Confirms New Human Abilities Gained Through Sungazing at Dusk and Dawn
World's biggest gold storage company dumps US citizens
Russia Threatens McExit For McDonalds
Nevada Power raises rate hike request 80 percent
Obama Is Filling DHS with Amnesty Revolutionaries Backed by Soros
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 0.004s (5 queries)