COMEX raised margins AGAIN on silver.. that's why it dropped thursday. | |
Anonymous Coward User ID: 1314855 Australia 03/26/2011 07:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1273553 Canada 03/26/2011 07:11 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1273553 Canada 03/26/2011 07:11 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1132105 United States 03/26/2011 07:26 AM Report Abusive Post Report Copyright Violation | Just wanted to say; the massive turnaround in silver on thursday was likely due to CME margin hike in silver... Quoting: PhysicistDATE: Thursday, March 24, 2011 NOTICE # : 11-103 SUBJECT: Performance Bond Requirements - Electricity, Agriculture, Environmental, Metals, NGLs, and Refined Product Outrights - Effective Friday, March 25, 2011 FOR THE FULL TEXT OF THIS ADVISORY : [link to www.cmegroup.com] Performance Bond Requirements - Electricity, Agriculture, Environmental, Metals, NGLs, and Refined Product Outrights: As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed below. The rates will be effective after the close of business on Friday, March 25, 2011. OMG!!! DUH!! The part of the pdf is here: IMAGE ( [link to i677.photobucket.com] ) Comex silver stocks... down to 41.6 MOz registered. IMAGE ( [link to i677.photobucket.com] ) |
Anonymous Coward User ID: 805698 United States 03/26/2011 07:28 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1132105 United States 03/26/2011 07:45 AM Report Abusive Post Report Copyright Violation | wait till monday...you will have wished you bought over the weekend...tick tock Quoting: Anonymous Coward 805698Did you notice they announced it, right after silver broke through 38???? The last resistence until 50!!!! I kid you not, it was soooo predictable!!! Silver is going to shoot up to 50, nothing they can do now!!! |
Physicist (OP) User ID: 1087618 United Kingdom 03/26/2011 07:48 AM Report Abusive Post Report Copyright Violation | Did you notice they announced it, right after silver broke through 38???? The last resistence until 50!!!! I kid you not, it was soooo predictable!!! Silver is going to shoot up to 50, nothing they can do now!!! Quoting: Anonymous Coward 1132105I have to agree; i was watching it slice thru 38 and then they dropped the bomb (again).. but each time it has less and less effect. First time they raised margins, it caused a 10% drop. We are now 37.3X so it hardly had any effect really. |
Anonymous Coward User ID: 1132105 United States 03/26/2011 07:49 AM Report Abusive Post Report Copyright Violation | wait till monday...you will have wished you bought over the weekend...tick tock Quoting: Anonymous Coward 805698Did you notice they announced it, right after silver broke through 38???? The last resistence until 50!!!! I kid you not, it was soooo predictable!!! Silver is going to shoot up to 50, nothing they can do now!!! |