Users Online Now:
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 1159113:MV8xNDcxODQwXzI0MjU4MDc3X0I3MTE5OEM5] [quote:Anonymous Coward 1359758] 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 ... [b]but it clearly was in a "Blow Off"[/b] phase. Anyone who looked at the monthly, weekly, or daily chart could see that. [/quote] Of course, that's why they had to....how did you put it? [i][b]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!!)[/b][/i] They did it again today troll. Might want to check the headlines. [/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 >>
These Are Some Of The 239 People On Board The Missing Malaysia Airlines Flight
Major Updates in Malaysia Airlines Mystery: New Information Could Change Everything
Christians ordered to teach Wiccan, pagan rites
U.N. ‘behind plan for overseers for all kids’
GOVERNMENT BANS CALLING TERRORISTS ‘JIHADIS’
Connecticut police refuse to enforce new gun laws
Mercury Rising: Which Fish Should You Avoid? (Infographic)
Common Core Architect Now Dumbing Down SAT
Nixon, Rockefeller, IG Farben, and global control
"It’s made out of people!" Making meat from celebrity tissue samples
Secret Federal Reserve Location Revealed
Florida Bill Would Put ‘Bullies’ In Jail For A Year
Police had to be called when a 22-pound Himalayan cat held a Portland, Ore., family hostage inside of their bathroom.
A Blood Test Tells You If You’re Going to Die in the Next 5 Years (Video)
Proposed Reduction in DHS’s FY 2015 Budget Not Flying
How to Grow Vegetables All Year Long (Even in Winter!)
HOW STATES AND SCHOOL DISTRICTS CAN OPT OUT OF COMMON CORE
20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind
Proof: They Don’t Have to Use Harmful Artificial Color Dyes
Radar Playback of the Moment Malaysia Flight 370 Vanished!
MIT researchers propose gas stations in space
University Staff Forced to Address Their “Heterosexual Privilege”
Abby Martin To "Piss Moran": MSM Filled Corporate Shills Who Continuously "War Monger & Fear Monger!"
Economist Warns of Collapse Risk: “Will Not Allow Life to Continue As We Know It”
This HD Video From Space Is Going To Change The World
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 0.006s (5 queries)