oops I dit it AGAIN. CME HIKES GOLD AND SILVER MARGINS ALMOST 20% TODAY! Gold and silver keep CARSHING

OooooKkkkkk...

You're not "just sayin'..." anything.

You're working.

You're working hard.

...trying to save your stupid asses. You're welcome.

There is a BIG round of trade unwinds coming up because of the raising of Margins.

I have watched this dynamic at work a number of times now (raising of Margins) and it ALWAYS has the same impact. Speculators get their clocks cleaned (and no matter what the commodity is the price has ALWAYS gone down).

Good luck to all you longs over the next week or so ... you are going to need it!!

Because you care. So many strangers on these metals threads care. It's truly reaffirming.

God bless.

They're going to jack up oil margins too I imagine.

I love PM's, I invest in physical PM's, but if you want a true economic indicator, watch oil...

Forgive my ignorance, but can you explain this?

I don't understand what this means, but I am interested.

its sold out

This you tards.

I've been in precious metals since the mid-nineties. Gold always goes back up. And with the prices dropping I intend to buy more. I don't care if I have it for 10 or 20 years. It's not like fiat money whose value continues to decline all because in the US, fiat money has no commodities backing it up. It's barely worth the paper it's printed on. We've used gold coins for purchasing items from others who want to hold gold and value owning gold more then they do fiat paper currency. There is no way I would consider selling it off to take a loss either because owning gold is different then owning stock.

Markets are always fluctuating. So what? At least with gold it's a solid commodity and will be of value to others who don't have it.

Last Edited by Proud American Supporter on 04/16/2013 02:44 AM

I still see metals going somewhat lower.

www.kitco.com/reports/kitcoNewsMarketNuggets20130416.html

Market Nuggets: Barclays: Production Costs Would Offer Support For Gold Around $1,300/Oz

Tuesday April 16, 2013 8:01 AM

Support for gold can be expected around $1,300 an ounce, as a substantial amount of mine production may be at risk below this, says Barclays Capital. Last year, the average cost of production was $673 and the marginal cost (90th percentile) was $1,104. "Assuming sustaining capex at around $200/oz, this indicates cost support at around $1300/oz, based on last year's data; our global database encompasses 35% of global production," Barclays says. "Should prices dip below marginal cost, around 10% of production under our cost curve becomes cash-negative, representing an estimated 262 (metric) tons of cash-negative gold production globally."

Same here. I have been buying for a very long time w/ a current cost basis of about $12 /ounce. Intend to hold forever (so to speak).

PMs are not for getting rich quick. I view them as a form of insurance. If they are never needed, then I suppose my kids get them as part of their inheritance, in the far-far distant future.

Gold is dumped into the market causing the price to drop. Central banks scoop it up at that artifically deflated low price so they can be compliant with Basel III standards. The gold PM market is being manipulated. Today prices are going up.

www.monex.com

From another forum:

CENTRAL BANKS AND CHINA ARE BUYING UP GOLD AS QUICKLY AS POSSIBLE USING IT TO FUND THE COMPLIANCE OF THE INDIVDUAL COUNTRIES. MORE REAL WORLD CLUES: THE DROP IN SILVER BAILED OUT JP MORGAN’S SILVER SHORT TRADES TODAY. ALL OF THIS MOVEMENT TO SAVE THE BANKS IS TO PREVENT PROBLEMS AND UNREST FOR US. CANADIAN AND AUSTRAILIAN DOLLARS ARE NEW IMF RESERVE CURRENCIES. THE BRIICS NATIONS ARE STARTING THEIR OWN CENTRAL BANK. AUSTRALIA IS PLAYING BOTH SIDES AND HAVE A NEW TRADE AGREEMENT DIRECT WITH CHINA. IN OTHER WORDS, FIAT CURRENCY WILL BE ELIMINATED.

Inventory-Fraud Increases in Silver Market

[link to www.bullionbullscanada.com]


Put silver to work for you and don’t miss out on this mind-boggling story.

[link to www.investmentrarities.com]

Silver: It's All About Inventories

[link to www.silverbearcafe.com]

I think this is radical but this guy sees an incredible rally forming immediately. Who the hell knows.

goldscents.blogspot.com/2013/04/setting-stage-for-bubble-phas​e.html