FROM GOLDSILVERNETWORK – Could the price of spot silver collapse due to new rules of engagement? Perhaps it’s raising margin rates three times in one week?
pick and pull
@borebear obviously you’re not famaliar with the ‘Far side’ cartoon 😛
It will be interesting to see what happens when the Dodd-Frank act forces all of the leveraged retail traders in the U.S. out of their positions. We may be in for a repeat performance.
Who is this mysterious “They” you keep refering to? “They” are doing this and “they are doing that”-please be precise.
P.S. the anwser is always the same….Nope
As soon as I walk into Coin shops now, I buy atleast 20 ounces per purchase. Now I am asked my dealer each time if I am ready to sell? Everytime.
Here in the UK, goldline, baird and co website is out of all eagles, 1kg bars and 100oz bars.The goldbullion dot co dot uk are out of eagles. There is a shortage coming if the price keeps going down.
I think this is the banks/government giving a last all they got. Kill bin Laden, release a bunch of silver and other commodities etc. etc. etc.. All in one day? Com on too big a coincidence for me. It’s all super hokey. In my personal opinion it’s like a defibrillator giving a shock to the economy. Looks like things are getting better but in reality it just proves the global financial system has gone flat line.
@bweazel I wondered because your B Weazel screen name. Like, Ben Weasel. But yeah. I agree. They are ok. They were better back in the day.
its because of ppl like yourself that are the reason why the increase in cash reserves are necessary. you are a speculator (you said it yourself “I may be out of these contracts in an hour or two”) and not an investor. its the speculators that have caused this correction, yes because the cash required has been increased but how else would you control it?
@polevaultrockstr Thanks ;)
@IdigHistoryVideo Negatory, sir. They’re ok, but I wouldn’t call myself a fan or follower. Although I did debate using their weasel as my profile pic 😉 I like the one with the gun better, lol.
@bweazel Bweazel…are you a screeching weasel fan?
@ScrapGoldBusiness Yeah, real good idea. Ask a scam artist.
@bweazel It’s never manipulation on the way up, only when people start losing money. It’s the same thing you hear in every bull market or bubble.
@bweazel All of the things I just listed are horrible for commodities, if the government is no longer able to borrow, the dollar goes up in value, QE2 ending, dollar goes up in value, rate hikes, dollar goes up in value. There are alot of things on the horizon right now that could be very bad for commodities, although, on the other hand, they could keep dicking around, start a QE3, raise the debt ceiling, and not raise rates, then the party can continue until 2012. Won’t last forever though.
@GoldSilverNetwork What more do we need to know about the global market? They’re all colluding. The whole world is a big game, and the dollar is still very much the driving force of this world’s economic policies. The next three months are going to be interesting. Debt ceiling (which doesn’t concern me, I could care less if the Feds can’t borrow anymore), QE2 ending, possible rate hikes in June. It’s a very risky time for commodities, but there’s still a chance to make some more. We’ll see…
@GoldSilverNetwork Ya, it sucks. We can’t trust anything. I seriously believe they baited you all with the commodity purchase. This is how they are making the banks solvent. In essence, we have two taxing authorities now, the IRS and the Comex. The Fed can push money to the banks, which they use to buy commodities, the increase in the price of the commodities is handed to the people, ergo, a tax. All flows back to the Fed though.
Silver attracts the middle class. Just the group they wanted.
@GoldSilverNetwork Thanks for this information. I hope this decline is just a glitch
@GoldSilverNetwork Raising margins is by no means intervention. It is the exchange protecting itself from a speculative downturn, which they would be liable for net of any assets they recovered from the people who made the bets. Them raising margins four times in one week should tell you that silver was a bubble, that there were no fundamentals behind the rise except speculation (on credit no less), it’s quite hilarious. You wonder where QE2 money went? It went to inflate commodities.
@GoldSilverNetwork It is very normal when a speculative bubble is forming. What do you expect them to do? Just allow people to push the price higher with little to no skin in the game? They should have raised the margins earlier, and you should be asking why they didn’t. This may be it for silver, and gold might just follow. Look how much volume is being traded on the SLV. It’s ridiculous.
Would you all stop talking about manipulation? Such hypocrites. You’re manipulators too. 😉
@scrapgoldbusiness i am imagining the silence from Silverfuturist… a barn with butchered chicken parts and blood and feathers everywhere. he actually managed to hang himself in an upside down yoga pose which is ironic.
im assuming this is all margin requirement increase based, and more $49 shorts upon more naked shorts by usg and the jp. it is still very unsettling as all my purchases are $33 and over since dec…not much more powder left in the pouch. may buy more physical today
stop playing the paper game!
ScrapGoldBusiness, the margins were hiked because people like you who buy futures contracts and then sell them in an hour depending on how the market is going. You admitted it in this very video. They want to eliminate the little guys who are speculating. Better pony up the cash if you want to keep playing this game or play it smart and buy physical.
Learn to use optioon spreads. With $10,000 you can leverage the futures market quite well with little or no margin at all. If you want to long the market read up on the Bull Call spread. If you want to short the market, learn how to use a bear put spread. To my knowledge no margin requirement at all.
What website do you use to buy contracts