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oops I dit it AGAIN. CME HIKES GOLD AND SILVER MARGINS ALMOST 20% TODAY! Gold and silver keep CARSHING
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[quote:Billy Bong 29105161:MV8yMjA0NTY5XzM3MzI3MTM0X0RFRUQ4OTk2] [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] i think (paper) silver will drop further this week too, but i also bought today after seeing that apmex looks to be running out of stock on many items. i'd love to get it around $15... but seriously who will give you anything near that bargain price in (physical) silver? found this on the webs: Here is an excellent article that determines the cost to create an ounce of silver. http://www.marketoracle.co.uk/article29591.html Much silver is a byproduct of other mining activity, The author estimates the actual cost of primary silver production to be about $17. This means supply will shrink as this price is approached. anyways i ended up getting 25 ounces for around $700... price i paid per ounce about $28... supply will dry fast. my best guess for (paper) silver bottom? no real clue i can't pretend to get this shit- i'll go $18. any others got a guess for paper bottom? if paper goes under 17/oz (physical production costs estimate) then comex price is just lunacy. that PMs drop then SHTF thread is crazy with boston attack today. [/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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