CME To Hike Silver Margins AGAIN!! Desperation!!

[Slimer]

"Talk in the Pit of CME raising margin requirement for Silver Futures again on Monday - confirmation to follow"

[link to ransquawk.com]

Twice this week wasn't enough? Unbelievably desperate!

[ximmy]

"Talk in the Pit of CME raising margin requirement for Silver Futures again on Monday - confirmation to follow"

[link to ransquawk.com]

Twice this week wasn't enough? Unbelievably desperate!


anything to get that price down for the weekend... ::)

[mamboni]

Good - I'll be buying the dip on Monday.

These fookers are going down down down! ;D

[Plastic]

anything to get that price down for the weekend... ::)



It worked too!!! It is down a whopping 48 cents! DOOOOOOMMMMMM!!! ;D

I love afternoon pots of coffee ontop of morning pots of coffee! *twitches*

[gunDriller]

if you look at the CME documents, it's still only like $12,000 to control 5000 ounces of silver.

they have a LOOONG way to go before it's on a pay as you go basis. you want 5000 ounces, you put up $225,000, or whatever the price is.

personally i'd like to see them stop monkeying around and just raise the margin requirements to 50% or 100%.

i have a feeling, the market is designed this way for a reason. every time they want to goose the dollar, to slow the dollar's slide, all they have to do is raise CME margin requirements.

in conjunction with the tactic of withdrawing PPT support of the stock market, which will force many silver & gold market participants to sell what they have that's valuable, to meet margin calls etc., the US gov. still has some strong cards up their sleeve to slow down the slide of the dollar.

but it's like a rocket on the edge of a black hole -

http://www.norcalblogs.com/bored/rocket.jpg

it can fire its boosters to slow the descent into the black hole. but it would have to have a lot of juice to escape the gravitational pull of the black hole.


a year ago, when the Yuan was about 9:1, gold @ US$1200 meant gold @ 10,800 Yuan.

right now, with the Yuan revalued, Gold is at 10,160 Yuan per ounce.

for China, the price of gold has gone down, if they pay in Yuan.

and China has US$2.9+ Trillion left. there is an astronomical amount of US $ debt on the earth. more than $6 Trillion. that's how many miles light travels in a Year.

US gov debt = Astronomical Amount.

black hole metaphor = Valid;

the US doesn't have enough juice to escape THAT black hole.

i wonder how the exchange rates will balance out after the next big financial panic ? could the US $ reach parity with the Yuan ? that would be another 80% devaluation of the $. Gold at about $8000+.

i think China would be happy to pay $10,000 or $12,000 for an ounce of gold, just to get rid of their $. they'd still end up with one of the biggest gold-piles on earth. rivalling the Rothschild's.

i think, the Rothschild's bought up all of England's gold when they got the English ministers to commit national suicide by selling their gold for $250 an ounce.


that's a lot of dollar-yuan devaluation, and obviously the question is, what backs the Yuan ?

but i have the vague impression that the Chinese government has a lot less debt than the US gov.


I wonder if the US gov invaded Libya so they could seize Libya's gold to partially re-stock Fort Knox ?


i wonder if, behind closed doors, the US gov. has had talks about the scenario where Ron Paul becomes President, and they behave pro-actively. instead of China forcing the gold price to US$10,000, the US gov. re-establishes the gold standard with a price of $2400 to $5000, as a form of self-defense against a free market that takes the price higher/ devalues the $ more.

i bet the US gov. has done studies like that, where they hire consultants like Jim Rickards to "war-game" various economic scenarios.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/4/17_Jim_Rickards_files/Jim%20Rickards%204%3A17%3A2011.mp3

[Ponce]

Like I said before ....... "A bump on the road, is not the end of the road"......so relax and enjoy the ride.

[madfranks]

Down $0.92!

[Ponce]

Hey Franks? as long as it don't go below $5.17 I'll be making a penny profit........that's what you call confidence hahahahahahahah.

[mamboni]

All they succeed in doing is shaking out speculative hands and making silver longs stronger. Too many silver holders know that the jig is up for the COMEX and Blythe and are holding to the bitter end. They will back themselves into a wall and when they can back up no more silver will explode.

[Slimer]

I never saw 3 margin hikes within 5 trading days before, on flat price movement. I hope these longs put up the money and demand delivery!