is silver

[mick silver]

is silver being beat down ...

[mick silver]

26.57

[madfranks]

Seriously! WTF is going on? That's quite an intraday spread though, anywhere from $26.43 to $29.38! That's more than a 10% move in one day!

[jaybone]

reminds me of the push down right before the fed announced QE2,
I am watching for an un-announced announcement any time now,
perhaps regarding the mystery missile off CA?

[General of Darkness]

I told you guys on Sunday it was going to get beat down. But I guess I'm the only one that reads my posts. >:(

Oh yeah, DOOM IS ON FOR THIS WEEK.

[Playswithfire]

Well, son of a biscuit eater. I was getting ready to sell too... LOL

[cedarchopper]

Things were feeling too heady for me...I sold some yesterday at $27.50, yet earlier today I was questioning myself as I watched it climb past $29.

[ximmy]

This is a healthy correction... the 29 numbers and above are coming...

Hopefully it can come back under 25 (please, please) then I'll buy and expect a healthy return in the coming days... ;D |--0--|

if your thinking of buying and haven't yet, 26.50 will still yield you 200% return in the days to come... :) :) :)
ximy

[Playswithfire]

Oooh, Ken is going to be crying when he gets home and sees what silver did today.

[chad]

BWHAHHAHHAH CME raised margin requirements. the hunts all over again.

[Silver Rocket Bitches!]

It'll be interesting to see what happens in Asia tonight..

[cedarchopper]

This may just be a pause, so many things are in play that make silver undervalued. 1.4 billion Chinese with savings being infomercial-ed by the commie government to buy silver, China cutting exports of silver by 60%, along with rare earth minerals, naked short big banks with RICO lawsuits and exposes' by high level officials, QE11...etc.

I'm long...but after 08' and the smack down from 21 to 8...I don't under estimate the power of the banksters to do with the market as they please...for the short term.

[madfranks]

BWHAHHAHHAH CME raised margin requirements. the hunts all over again.


Can you elaborate on this? A link perhaps?

[BillBoard]

CME Group To Raise Silver Futures Margin To $6,500 From $5,000

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201011091642dowjonesdjonline000 476&title=cme-group-to-raise-silver-futures-margin-to-6500-from-5000

By Matt Whittaker, Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- CME Group said Tuesday it will raise the margin requirements for Comex silver futures, effective Wednesday.

Traders will now be required to put up $6,500 in margin to hold a benchmark 5, 000-ounce silver contract overnight. The margin had been $5,000.

The new rates will be effective after the close of business on Wednesday.

CME Group owns the New York Mercantile Exchange. These silver futures are traded on the Comex division of Nymex.

-By Matt Whittaker, Dow Jones Newswires; 212-416-2139 begin_of_the_skype_highlighting 212-416-2139 end_of_the_skype_highlighting; matt.whittaker@ dowjones.com

[sirgonzo420]

BWHAHHAHHAH CME raised margin requirements. the hunts all over again.


Can you elaborate on this? A link perhaps?

Here's a link:

http://www.kitco.com/reports/KitcoNews20101109DC.html

[Filthy Keynes]

I GET KNOCKED DOWN, BUT I GET UP AGAIN!

http://www.youtube.com/watch?v=cGzuw9ErEM0

[Uncle Salty]

Geez, I go out for lunch and this!

Well, it happened in the access market and silver did need a rest. Just setting up another base for launch.

[mamboni]

CME Group To Raise Silver Futures Margin To $6,500 From $5,000

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201011091642dowjonesdjonline000 476&title=cme-group-to-raise-silver-futures-margin-to-6500-from-5000

By Matt Whittaker, Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- CME Group said Tuesday it will raise the margin requirements for Comex silver futures, effective Wednesday.

Traders will now be required to put up $6,500 in margin to hold a benchmark 5, 000-ounce silver contract overnight. The margin had been $5,000.

The new rates will be effective after the close of business on Wednesday.

CME Group owns the New York Mercantile Exchange. These silver futures are traded on the Comex division of Nymex.

-By Matt Whittaker, Dow Jones Newswires; 212-416-2139 begin_of_the_skype_highlighting 212-416-2139 end_of_the_skype_highlighting; matt.whittaker@ dowjones.com


The fvckers are playing the usual games and changing the rules. Increasing margin requirements is the act of a desperate criminal syndicate - it will fail! They can delay the day of reckoning but they cannot prevent it! There will be no Volcker. There will be no dollar-rescue and interest rate shock. Bernanke is fvcked. The dollar is fvcked. Anyone who does not own silver and gold is....you guessed it....fooked! Don't be a sucker and get shaken off the bull! Do not view your holdings in terms of dollars - view it in terms of how many ounces and mining shares you hold. This is the end game for the dollar; it is in it's final death throes and things will be very turbulent so hang on, gird your loins and ....click click!!!

:gwing :gwing :gwing :gwing

[Neuro]

This may just be a pause, so many things are in play that make silver undervalued. 1.4 billion Chinese with savings being infomercial-ed by the commie government to buy silver, China cutting exports of silver by 60%, along with rare earth minerals, naked short big banks with RICO lawsuits and exposes' by high level officials, QE11...etc.

I'm long...but after 08' and the smack down from 21 to 8...I don't under estimate the power of the banksters to do with the market as they please...for the short term.


I think we'll see Silver back to low 20's or high teens in the worst case scenario. You are right never underestimate the power of evil. It is different today though, as you have pointed out, there are many reasons why it will not drop back as much as then... But the paper market is in their hands, they set the prices there. It will take some time before 30 is taken out is my take, meanwhile if you can get real silver for less than 24 buy with both hands. Also we may see a bounce up to 28.50 or so shortly, which may be a good time to sell, or change into gold, if you don't want to hold out for the long haul...

[1970 silver art]

I hope that the seat belts on that silver roller coaster are very secure because today was a good example of how volatile silver can be. I could not watch it most of the day but what little I saw today had silver up by as much as $1.31 and down as much as $1.12. Are you all dizzy yet? :D

[1970 silver art]

Oooh, Ken is going to be crying when he gets home and sees what silver did today.


Yeah it was Stacker's fault for making that silver purchase. He should have waited until silver hit $30 and then make his silver purchase. :D :D :D

:ROFL:

[RJB]

WOW, I just got home from work and missed the drama.... WAY UP and a little down.

[Cebu_4_2]

WOW, I just got home from work and missed the drama.... WAY UP and a little down.


Same thing here, wish I was home to cash out some positions to reinvest in SLV. Looks like it's on the way back up, bet well be back tomorrow from all the folks grabbing as much as they can on this new opportunity.

[StackerKen]

Gotta love them Asian PM buyers ;)

[Libertarian_Guard]

Seriously! WTF is going on? That's quite an intraday spread though, anywhere from $26.43 to $29.38! That's more than a 10% move in one day!



http://i52.tinypic.com/29ntkhv.jpg



I am looking at the same spread!

[mamboni]

Seriously! WTF is going on? That's quite an intraday spread though, anywhere from $26.43 to $29.38! That's more than a 10% move in one day!


The Crimex syndicate is cornered and they know it. They are desperate. The longs have them cornered and the world is buying gold and silver. The insiders sold their shares at 2000:1 versus sellers. Where are they going to put all that cash? Sure as hell not in Treasuries with Bernanke printing beaucoup dollars. There is only one refuge for smart money: gold. 99% of folk still haven't seen the writing on the walls. When they do, gold and silver will explode.