Ponce
28th March 2011, 07:49 AM
When Silver Investors Finally Wise Up.
It's over for the Paper Metals Market Manipulators.
March 25, 2011
Steve Quayle
The great disconnect in the minds of paper silver investors is soon to come to a screeching halt when the spot market begins to trade independent of the manipulated paper futures market. Today being the 25th of March, it should come as no surprise that the Chicago Mercantile Exchange (CME) has hiked silver margin and maintenance costs again to try and stop the surge in silver speculation.
Tyler Durden writing for Zero Hedge yesterday posted, "In tried and true fashion just as silver was about to viciously destabilize the global capital markets as it surged to new 31 year highs the CME stepped in and did its usual 3-6 half life intervention by hiking initial and maintenance margins on silver futures from $11,138 and $8,250 to $11,745 and $8,700 respectively.
This is merely the latest margin hike in what appears to be a never-ending series designed to reduce speculative "fervor" courtesy of endless liquidity. What it will do is merely provide a better entry point for those who by now realize that silver's next stop in the fiat endgame is $40 then $50 and so forth. Naturally the price drop in silver caused gold to sell off too. And now that the CME accepts gold as collateral we can't even visualize the reflexive loops that develop once the metal that is also a collateral currency becomes more and less valuable at the same time.
And while they are at it the CME decided to remove some of the uranium volatility by hiking maintenance and initial margins in Uranium Futures (UX) by about 50%". What this simply means is that they know better then anyone that the silver and gold investors who read the handwriting on the wall and are standing to convert their paper profits by taking physical delivery of their precious metals must be stopped at all costs....... ("If you don't hold it, you don't own it"... Ponce)
Ten years ago I stated that the Spot Market in precious metals would completely diverge from the futures market prior to full scale panic acquisition of the physicals due to the death of the dollar. We are now there.
Over 3 decades of buying and selling precious metals has taught me that the supply side of the equation has been taken for granted for far too long. I have dealt with one of the worlds largest bullion dealers and market makers for over 30 years, which has put me in touch with "those in the know".
the experts who have only recently gotten on the band wagon over the" last few years" and have missed the 10 fold price in silver, by mocking gold and silver over the last 3 decades are going to have their you know what's handed to them on a "silver platter". The mainstream hyenas and jackals (financial press) pushing their illusionary world of "make believe assets" are going down with the ship --still choosing to avoid the life preservers thrown to them in the way of silver and gold.
The day will come and may be only months away when the actual cost of acquiring any precious metal will be at least twice the official spot price and when that day comes there will be very little metal available. Remember price is important but availability and delivery are everything.
http://stevequayle.com/News.alert/11_Global/110325.alert.Steve.silver.html
It's over for the Paper Metals Market Manipulators.
March 25, 2011
Steve Quayle
The great disconnect in the minds of paper silver investors is soon to come to a screeching halt when the spot market begins to trade independent of the manipulated paper futures market. Today being the 25th of March, it should come as no surprise that the Chicago Mercantile Exchange (CME) has hiked silver margin and maintenance costs again to try and stop the surge in silver speculation.
Tyler Durden writing for Zero Hedge yesterday posted, "In tried and true fashion just as silver was about to viciously destabilize the global capital markets as it surged to new 31 year highs the CME stepped in and did its usual 3-6 half life intervention by hiking initial and maintenance margins on silver futures from $11,138 and $8,250 to $11,745 and $8,700 respectively.
This is merely the latest margin hike in what appears to be a never-ending series designed to reduce speculative "fervor" courtesy of endless liquidity. What it will do is merely provide a better entry point for those who by now realize that silver's next stop in the fiat endgame is $40 then $50 and so forth. Naturally the price drop in silver caused gold to sell off too. And now that the CME accepts gold as collateral we can't even visualize the reflexive loops that develop once the metal that is also a collateral currency becomes more and less valuable at the same time.
And while they are at it the CME decided to remove some of the uranium volatility by hiking maintenance and initial margins in Uranium Futures (UX) by about 50%". What this simply means is that they know better then anyone that the silver and gold investors who read the handwriting on the wall and are standing to convert their paper profits by taking physical delivery of their precious metals must be stopped at all costs....... ("If you don't hold it, you don't own it"... Ponce)
Ten years ago I stated that the Spot Market in precious metals would completely diverge from the futures market prior to full scale panic acquisition of the physicals due to the death of the dollar. We are now there.
Over 3 decades of buying and selling precious metals has taught me that the supply side of the equation has been taken for granted for far too long. I have dealt with one of the worlds largest bullion dealers and market makers for over 30 years, which has put me in touch with "those in the know".
the experts who have only recently gotten on the band wagon over the" last few years" and have missed the 10 fold price in silver, by mocking gold and silver over the last 3 decades are going to have their you know what's handed to them on a "silver platter". The mainstream hyenas and jackals (financial press) pushing their illusionary world of "make believe assets" are going down with the ship --still choosing to avoid the life preservers thrown to them in the way of silver and gold.
The day will come and may be only months away when the actual cost of acquiring any precious metal will be at least twice the official spot price and when that day comes there will be very little metal available. Remember price is important but availability and delivery are everything.
http://stevequayle.com/News.alert/11_Global/110325.alert.Steve.silver.html