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oops I dit it AGAIN. CME HIKES GOLD AND SILVER MARGINS ALMOST 20% TODAY! Gold and silver keep CARSHING
Ms Sans Serif
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[quote:Lady Jane Smith:MV8yMjA0NTY5XzM3MzI2MjcwXzcxNjUxQjc=] [quote:Anonymous Coward 15241617:MV8yMjA0NTY5XzM3MzI2MjM2XzhBMTkzMTg2] [quote:Lady Jane Smith:MV8yMjA0NTY5XzM3MzI2MDc5XzdENEUzRDdE] Silver is close to breaking below $22 in after market trading as it is. When the Asian markets begin to trade there will be more bloodletting. [/quote] $20 open for U.S. is what I'm guessing. Glp knows that's paper slv not ANY kind of physical! [/quote] Perhaps some generic rounds may still be available. Bullion is disappearing fast. [/quote]
As we predicted several hours ago, adding insult to injury and likely intensifying the gold and silver smash over the next 48 hours, the CME has just announced an 18.5% margin increase in both gold and silver, effective after the close Tuesday 4/16.
As the margin calls-induced slaughter intensifies, expect the CME to hike margins again in a vicious negative feedback cycle until margins equal cash.
From the CME:
Those holding paper forms of gold or silver may want to keep your iphones handy tonight, those holding physical metal in your own position can be right and sit tight while the cartel burns the paper futures markets to the ground and go massively long just in time for the big Western financial reset.
link to silverdoctors.com
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