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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:Anonymous Coward 38107547:MV8yMjA0NTY5XzM3MzI2Mjg4XzhFNTVDNTRB] [quote:Lady Jane Smith:MV8yMjA0NTY5XzM3MzI2MDE4XzVDMTNBQTZE] [quote:calx:MV8yMjA0NTY5XzM3MzI1ODA2X0JFMTY0ODdE] [quote:Lady Jane Smith:MV8yMjA0NTY5XzM3MzI1NzY2X0UzMTBBOEM2] There is already a shortage of physical silver to purchase. This will compound the shortage & make the distinction between paper & physical more obvious. [/quote] It's about time we get honest with ourselves! Gonna be a wild week. I bought my last roll of ASEs today. That's it I'm done. [/quote] I picked up some Koalas. The price will continue to drop into Friday, but I am wondering if there will be any physical to purchase by then. The premium over spot has increased significantly since COB last Friday. [/quote] My premium over spot was$3.50. OUCH! So it goes... [/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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