@UpGrayedd said:
I like gold and silver as a small portion of my assets, I don't buy into all the conspiracy theories from either side, but >I'm having a hard time squaring your two statements above.
There's nothing to square. I worked for a pair of PBs and I'm not lobbying for banks who don't need it anyway.
I manage accounts through Fidelity....I don't own stock, private or public, or have any interest in their financial well-being. Abby Johnson (who I called upon 30 years ago) is doing pretty well without my help.
My point was that you said and I quote: "Nobody here has 'banking' interests" (as if you can actually speak for the entire message board) and then you told us you were a banker. As I already implied, those two statements are contradictory.
@UpGrayedd said:
I like gold and silver as a small portion of my assets, I don't buy into all the conspiracy theories from either side, but >I'm having a hard time squaring your two statements above.
There's nothing to square. I worked for a pair of PBs and I'm not lobbying for banks who don't need it anyway.
I manage accounts through Fidelity....I don't own stock, private or public, or have any interest in their financial well-being. Abby Johnson (who I called upon 30 years ago) is doing pretty well without my help.
My point was that you said and I quote: "Nobody here has 'banking' interests" (as if you can actually speak for the entire message board) and then you told us you were a banker. As I already implied, those two statements are contradictory.
.
Yes, those are contradictory statements for sure.
When I see that much effort repeatedly put into defending the banking "industry", and on multiple forums, my reaction is the classic "me thinks thou doth protest too much".
I thought about selling some certified ATBs and was offered spot silver, but I decided against it for now.
I did sell some nice Plats and only got about 1% over spot, but the price went up $150 during my 2 hour drive to get there and I received a nice surprise on the price.
I've sold various gold during the past couple months at mostly spot or below and I used it to buy silver at below spot.
Q: Are You Printing Money? Bernanke: Not Literally
I thought about selling some certified ATBs and was offered spot silver, but I decided against it for now.
I did sell some nice Plats and only got about 1% over spot, but the price went up $150 during my 2 hour drive to get there and I received a nice surprise on the price.
I've sold various gold during the past couple months at mostly spot or below and I used it to buy silver at below spot.
Selling plats is risky business with new records being broken and with speculators who seem to have gone all in. I sold some a couple weeks ago and as usual for me that was a big mistake. Selling any physical now is a big gamble. Not selling is too. Crazy times for sure.
@jmski52 said: Paper prices are telling. Nobody is buying the physical garbage at these prices. RGDS!
uh huh...needs to troll post almost everyday for some type of acknowledgement...lonely guy lives with his mom apparently and now this dodge ball inflatable cup style bragging...#SOSAD
My stalker troll doesn't go away. Moms' basement wearing you out? Sorry you missed the boat. THKS!
Someone needs their daily validation and attention ... Yes you sold lots of gutter at the perfect time...all from your double wide while Momma makes your favorite grill cheese sandwich
Selling plats is risky business with new records being broken and with speculators who seem to have gone all in. I sold some a couple weeks ago and as usual for me that was a big mistake. Selling any physical now is a big gamble. Not selling is too. Crazy times for sure.
The only ones I sold were some duplicates that I was underwater on from having bought them by mistake and/or at the wrong time. I was generating some working capital and reducing my cap gains tax problem a little.
Yeah, it's been a long time for platinum and I'm in no big hurry to cash it in. During my 2-hour drive to the coin shop, the price went up more than another hundred bucks.
Q: Are You Printing Money? Bernanke: Not Literally
@fathom said:
Reads like more speculation...no hard data.
Fathom, I assume you're referring to the link I posted to the vongreyerz.gold article.
Agreed that it doesn't include any hard data and is therefore speculative.
But:
a) who asked for hard data? It's a blog post by a person working for a gold vault company. It was never meant to be an academic research report.
b) My reaction was simply that the proposed explanation addresses means, motive, and opportunity for using derivatives to suppress the price of silver, without resorting to fringe-sounding conspiracy theories. It also fits nicely with what I've read about the history of silver in China.
I'm saying it's plausible. Not prepared to assert that it's definitely true. As I wrote earlier, I am not informed enough to draw any firm conclusions. All I know is that this time a year ago, silver was just under $30/oz; in June, it was around $40/oz, and it's currently checks Kitco almost $72/oz! That's not normal...
After silver spent around 10 years bouncing largely between $20-30/oz, something has clearly changed, and I think it's normal to seek explanations. Maybe people are going wild for AI and speculating on the silver that will be used in data centers. Maybe industrial & medical users are loading up now because they think EVs are going to start selling like crazy and use up all the silver. Or...maybe China has stopped using derivatives through JP Morgan's commodities desk to suppress the silver price, because they're not planning to buy any more from the open market.
Maybe all three are factors. Who knows? Silver could hit $100/oz as some predict, or it could crash next week. I have no earthly idea. In either case, I'm very interested to see what happens next!
@jmski52 said: Paper prices are telling. Nobody is buying the physical garbage at these prices. RGDS!
uh huh...needs to troll post almost everyday for some type of acknowledgement...lonely guy lives with his mom apparently and now this dodge ball inflatable cup style bragging...#SOSAD
My stalker troll doesn't go away. Moms' basement wearing you out? Sorry you missed the boat. THKS!
Someone needs their daily validation and attention ... Yes you sold lots of gutter at the perfect time...all from your double wide while Momma makes your favorite grill cheese sandwich
My stalker continues to fantasize about themselves again. No need to be jealous, just put in a little work. It pays off. Stack on skippy. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@carew4me said: Someone needs their daily validation and attention ... Yes you sold lots of gutter at the perfect time...all from your double wide while Momma makes your favorite grill cheese sandwich
@fathom said:
75% of Silver production is a byproduct, very difficult to increase meaningful production quickly.
Goldminers is an actual geologist, he can tell us what this rise in silver means, cost of production, and forthcoming supply. I'm sure he's generally familiar with the silver S&D situation.
@jmski52
If the exchanges didn't want speculation, they wouldn't offer margin accounts. Increasing the margin requirement (especially during a runup) is hypocrisy at its worst.
No it's not...it's good business. With heightened volatility comes greater risk. You don't want a leveraged player wiped out by greed, stupidity, or volatility.
Goldminers is an actual geologist, he can tell us what this rise in silver means, cost of production, and forthcoming supply. I'm sure he's generally familiar with the silver S&D situation.
MEH, It's becoming quite obvious what the rise in silver means. And it's been parsed to a pulp for a long time.
Watch the clip. That's why all accounts are settled at the close IN CASH.
It's not about "being fair" -- it's about making sure nobody gets caught holding the bag like Drysdale Securities got Chase in 1982 (look it up, folks ).
You're right. It's not about being fair, it's about being accountable for your own actions, and if you decide to use leverage and lose, you should either pay up or go out of business and lose your money in the process. No changing the rules only when things go south, and no bailouts for bad decisions.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52
If the exchanges didn't want speculation, they wouldn't offer margin accounts. Increasing the margin requirement (especially during a runup) is hypocrisy at its worst.
No it's not...it's good business. With heightened volatility comes greater risk. You don't want a leveraged player wiped out by greed, stupidity, or volatility.
.
That is EXACTLY what "they" want.
They WANT leveraged speculators to get "wiped out".
@jmski52 said:
You're right. It's not about being fair, it's about being accountable for your own actions, and if you decide to use leverage and lose, you should either pay up or go out of business and lose your money in the process. No changing the rules only when things go south, and no bailouts for bad decisions.
The rules allow the margin requirements to be changed. There is no bailout.
You simply don't like the fact that the game rules are clearly spelled out and that an orderly market is in the exchange's best interest.
@jmski52 said:
No, you'd rather have a stupid, greedy leveraged player keep making gains at the expense of smaller, smarter and >more financially responsible players?
Well, if the large player poses a systemic risk, that's something they have to take into account. Sorry, but the small player and peons are allowed to play but they can't crash the game.
Small players have LOTS of built-in advantages. If you know what you are doing, use them to your advantage. Most of us do.
@jmski52 said:
Margin calls are legit. Changing the rules in the middle of a changing market is BS.
It's not a rule in the middle of the game. It's understood that as price moves become extreme in EITHER direction they can prevent a disorderly market.
Nothing nefarious about it. Like calling a baseball game due to rain.
@jmski52 said:
Margin calls are legit. Changing the rules in the middle of a changing market is BS.
Margins have to change for changing prices. It is part of the "game". Participants know and expect this. Changing thr rules is one of the rules. It just math.
@dcarr said:
"Weak hands" are usually leveraged. "Strong hands" are usually not.
Most players do NOT want to take delivery, anymore than other futures buyers or options players want the stocks.
Everybody cash settles.
The major industrial silver consumers use the futures market to maintain stable prices that they pay to other suppliers. They typically role over their paper to maintain position in the futures market. The sole purpose of futures markets is price stability. Unfortunately some players use it to ramp up profit.
When gold and silver move together, it signals the coming end of fiat money.
Futures are traded in a margin account. Believe your initial margin deposit, lets say 10%, is sent/held with the CME. But you can have 100% equity in your account to cover. Unlike stock margin, you are not charged interest on a margin balance, but you will be liquidated immediately if you fail to cover any maintenance margin calls. There are no extensions.
@coastaljerseyguy said:
Futures are traded in a margin account. Believe your initial margin deposit, lets say 10%, is sent/held with the CME. But you can have 100% equity in your account to cover. Unlike stock margin, you are not charged interest on a margin balance, but you will be liquidated immediately if you fail to cover any maintenance margin calls. There are no extensions.
didn't the Hunt's learn this the hard way? Sure sounds like a tool to control price.
When gold and silver move together, it signals the coming end of fiat money.
What is “breaking” is the extremely leveraged futures markets with not enough physical silver to deliver. Precious metals are quickly becoming a "cash and carry" asset.
When gold and silver move together, it signals the coming end of fiat money.
Not at all. There is no physical demand. Check your recent sales. RGDS!
P.S. COMEX 100oz bars? I thought they only dealt in large gutter bars? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Not at all. There is no physical demand. Check your recent sales. RGDS!
Just checked. Demand is there. LOL
Almost a quarter mill! SWEET, you officially be BOOMIN!™. Just curious on the $11.2k refunds...scammers? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
wasn't bragging, just proving how I know there is demand. Keep in mind that is gross, not net. And it doesn't include my sales in other venues. Like I said in an earlier thread, I'm liquidating for personal reasons. Still have five monster boxes if anyone is interested.
When gold and silver move together, it signals the coming end of fiat money.
wasn't bragging, just proving how I know there is demand. Keep in mind that is gross, not net. And it doesn't include my sales in other venues. Like I said in an earlier thread, I'm liquidating for personal reasons. Still have five monster boxes if anyone is interested.
Said it before it worked well for you, the gutter that is. It hit prices you were happy with right at a time you were wanting to liquidate. Once in a lifetime event and happy it happened for you. CNGRTS!
P.S. PLS don't be liquidating yer gold. RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
wasn't bragging, just proving how I know there is demand. Keep in mind that is gross, not net. And it doesn't include my sales in other venues. Like I said in an earlier thread, I'm liquidating for personal reasons. Still have five monster boxes if anyone is interested.
Said it before it worked well for you, the gutter that is. It hit prices you were happy with right at a time you were wanting to liquidate. Once in a lifetime event and happy it happened for you. CNGRTS!
P.S. PLS don't be liquidating yer gold. RGDS!!
gold was first to go because it was first to hit record highs. Still have 3.4 MS70 ounces.
When gold and silver move together, it signals the coming end of fiat money.
wasn't bragging, just proving how I know there is demand. Keep in mind that is gross, not net. And it doesn't include my sales in other venues. Like I said in an earlier thread, I'm liquidating for personal reasons. Still have five monster boxes if anyone is interested.
Said it before it worked well for you, the gutter that is. It hit prices you were happy with right at a time you were wanting to liquidate. Once in a lifetime event and happy it happened for you. CNGRTS!
P.S. PLS don't be liquidating yer gold. RGDS!!
gold was first to go because it was first to hit record highs. Still have 3.4 MS70 ounces.
Oh lordy, you should never sell your gold. Hodl it to the very end brother. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
wasn't bragging, just proving how I know there is demand. Keep in mind that is gross, not net. And it doesn't include my sales in other venues. Like I said in an earlier thread, I'm liquidating for personal reasons. Still have five monster boxes if anyone is interested.
Said it before it worked well for you, the gutter that is. It hit prices you were happy with right at a time you were wanting to liquidate. Once in a lifetime event and happy it happened for you. CNGRTS!
P.S. PLS don't be liquidating yer gold. RGDS!!
gold was first to go because it was first to hit record highs. Still have 3.4 MS70 ounces.
Oh lordy, you should never sell your gold. Hodl it to the very end brother. RGDS!
in the end we are just dust in the wind.
When gold and silver move together, it signals the coming end of fiat money.
Oh lordy, you should never sell your gold. Hodl it to the very end brother. RGDS!
The way I see it is, if till “the end” you don’t need it, pass it on to your most cherished humans that you have educated on it and will carry on afterwards. Unless you are alone in the world.. of course.
@derryb said:
didn't the Hunt's learn this the hard way? Sure sounds like a tool to control price.
No, it's a way to prevent someone going belly-up on a wrong-way bet and the clearing firm having to absorb the loss.
In the Hunt's case it's a way to prevent someone from becoming king. Hunt bet was a good bet until the rule change purposely made it a bad bet. It's all about market control, even if you're too brainwashed to see it.
When gold and silver move together, it signals the coming end of fiat money.
@coastaljerseyguy said:
Futures are traded in a margin account. Believe your initial margin deposit, lets say 10%, is sent/held with the CME. But you can have 100% equity in your account to cover. Unlike stock margin, you are not charged interest on a margin balance, but you will be liquidated immediately if you fail to cover any maintenance margin calls. There are no extensions.
didn't the Hunt's learn this the hard way? Sure sounds like a tool to control price.
Well initial margin and maintenance margin requirements are 2 different animals. If someone sold 10 Jan silver futures at $60 10 days ago, that is for delivery of 50,000 troy ozs and a $3MM payoff. Today at almost $80, the buyer of those contracts will pay the $3MM since the silver contract now has a market value of $4MM. The CME will hit the seller with a large margin call to make sure they can deliver or close out with sufficient equity since only 10% was put upfront. This is about controlling risk and not controlling prices, even if it does effect the price temporarily.
Comments
My point was that you said and I quote: "Nobody here has 'banking' interests" (as if you can actually speak for the entire message board) and then you told us you were a banker. As I already implied, those two statements are contradictory.
Philippians 4:4-7
speculation pays. sold any silver lately?
When gold and silver move together, it signals the coming end of fiat money.
.
Yes, those are contradictory statements for sure.
When I see that much effort repeatedly put into defending the banking "industry", and on multiple forums, my reaction is the classic "me thinks thou doth protest too much".
.
sold any silver lately?
I thought about selling some certified ATBs and was offered spot silver, but I decided against it for now.
I did sell some nice Plats and only got about 1% over spot, but the price went up $150 during my 2 hour drive to get there and I received a nice surprise on the price.
I've sold various gold during the past couple months at mostly spot or below and I used it to buy silver at below spot.
I knew it would happen.
Selling plats is risky business with new records being broken and with speculators who seem to have gone all in. I sold some a couple weeks ago and as usual for me that was a big mistake. Selling any physical now is a big gamble. Not selling is too. Crazy times for sure.
My US Mint Commemorative Medal Set
Loves me some shiny!
“Often wrong, but never in doubt.”
Selling plats is risky business with new records being broken and with speculators who seem to have gone all in. I sold some a couple weeks ago and as usual for me that was a big mistake. Selling any physical now is a big gamble. Not selling is too. Crazy times for sure.
The only ones I sold were some duplicates that I was underwater on from having bought them by mistake and/or at the wrong time. I was generating some working capital and reducing my cap gains tax problem a little.
Yeah, it's been a long time for platinum and I'm in no big hurry to cash it in. During my 2-hour drive to the coin shop, the price went up more than another hundred bucks.
I knew it would happen.
Fathom, I assume you're referring to the link I posted to the vongreyerz.gold article.
Agreed that it doesn't include any hard data and is therefore speculative.
But:
a) who asked for hard data? It's a blog post by a person working for a gold vault company. It was never meant to be an academic research report.
b) My reaction was simply that the proposed explanation addresses means, motive, and opportunity for using derivatives to suppress the price of silver, without resorting to fringe-sounding conspiracy theories. It also fits nicely with what I've read about the history of silver in China.
I'm saying it's plausible. Not prepared to assert that it's definitely true. As I wrote earlier, I am not informed enough to draw any firm conclusions. All I know is that this time a year ago, silver was just under $30/oz; in June, it was around $40/oz, and it's currently checks Kitco almost $72/oz! That's not normal...
After silver spent around 10 years bouncing largely between $20-30/oz, something has clearly changed, and I think it's normal to seek explanations. Maybe people are going wild for AI and speculating on the silver that will be used in data centers. Maybe industrial & medical users are loading up now because they think EVs are going to start selling like crazy and use up all the silver. Or...maybe China has stopped using derivatives through JP Morgan's commodities desk to suppress the silver price, because they're not planning to buy any more from the open market.
Maybe all three are factors. Who knows? Silver could hit $100/oz as some predict, or it could crash next week. I have no earthly idea. In either case, I'm very interested to see what happens next!
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
No, and I'm not buying either, I too know when to duck.
My stalker continues to fantasize about themselves again. No need to be jealous, just put in a little work. It pays off. Stack on skippy. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
personal attack
Goldminers is an actual geologist, he can tell us what this rise in silver means, cost of production, and forthcoming supply. I'm sure he's generally familiar with the silver S&D situation.
No it's not...it's good business. With heightened volatility comes greater risk. You don't want a leveraged player wiped out by greed, stupidity, or volatility.
Remember "Trading Places" ??
Anybody got $394,000,000 in cash !!????
@GoldFinger1969
MEH, It's becoming quite obvious what the rise in silver means. And it's been parsed to a pulp for a long time.
COPPER is gutter !
.it's good business. With heightened volatility comes greater risk. You don't want a leveraged player wiped out by greed, stupidity, or volatility.
No, you'd rather have a stupid, greedy leveraged player keep making gains at the expense of smaller, smarter and more financially responsible players?
That's not really "good business".
I knew it would happen.
Watch the clip. That's why all accounts are settled at the close IN CASH.
It's not about "being fair" -- it's about making sure nobody gets caught holding the bag like Drysdale Securities got Chase in 1982 (look it up, folks
).
You're right. It's not about being fair, it's about being accountable for your own actions, and if you decide to use leverage and lose, you should either pay up or go out of business and lose your money in the process. No changing the rules only when things go south, and no bailouts for bad decisions.
I knew it would happen.
.
That is EXACTLY what "they" want.
They WANT leveraged speculators to get "wiped out".
.
in the futures market, everyone is leveraged
The rules allow the margin requirements to be changed. There is no bailout.
You simply don't like the fact that the game rules are clearly spelled out and that an orderly market is in the exchange's best interest.
Well, if the large player poses a systemic risk, that's something they have to take into account. Sorry, but the small player and peons are allowed to play but they can't crash the game.
Small players have LOTS of built-in advantages. If you know what you are doing, use them to your advantage. Most of us do.
.
Not if you have enough cash in your account to take delivery.
"Weak hands" are usually leveraged. "Strong hands" are usually not.
.
Margin calls are legit. Changing the rules in the middle of a changing market is BS.
I knew it would happen.
margins are fluid for a reason. Just another tool in the box.
When gold and silver move together, it signals the coming end of fiat money.
they still use leverage and "they" are speculators too
.
You are not leveraging if you are not buying on margin.
.
Most players do NOT want to take delivery, anymore than other futures buyers or options players want the stocks.
Everybody cash settles.
It's not a rule in the middle of the game. It's understood that as price moves become extreme in EITHER direction they can prevent a disorderly market.
Nothing nefarious about it. Like calling a baseball game due to rain.
Margins have to change for changing prices. It is part of the "game". Participants know and expect this. Changing thr rules is one of the rules. It just math.
Knowledge is the enemy of fear
.
Yes, most players are speculators and they plan to settle in cash. These are the "weak hands".
When COMEX inventories and LBMA inventories decline, that means more metal is going out (being delivered) than is coming in (of course).
.
The major industrial silver consumers use the futures market to maintain stable prices that they pay to other suppliers. They typically role over their paper to maintain position in the futures market. The sole purpose of futures markets is price stability. Unfortunately some players use it to ramp up profit.
When gold and silver move together, it signals the coming end of fiat money.
i don't think it is possible to take a futures position without them having you use margin with the expected initial margin.
i don''t think it is possible to take a futures position in a cash account
Futures are traded in a margin account. Believe your initial margin deposit, lets say 10%, is sent/held with the CME. But you can have 100% equity in your account to cover. Unlike stock margin, you are not charged interest on a margin balance, but you will be liquidated immediately if you fail to cover any maintenance margin calls. There are no extensions.
didn't the Hunt's learn this the hard way? Sure sounds like a tool to control price.
When gold and silver move together, it signals the coming end of fiat money.
What is “breaking” is the extremely leveraged futures markets with not enough physical silver to deliver. Precious metals are quickly becoming a "cash and carry" asset.
When gold and silver move together, it signals the coming end of fiat money.
Are we there yet?
When gold and silver move together, it signals the coming end of fiat money.
Not at all. There is no physical demand. Check your recent sales. RGDS!
P.S. COMEX 100oz bars? I thought they only dealt in large gutter bars? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
General Custer and the Battle of Little SILVERhorn hahaha
COPPER is gutter !
Just checked. Demand is there. LOL
When gold and silver move together, it signals the coming end of fiat money.
Almost a quarter mill! SWEET, you officially be BOOMIN!™. Just curious on the $11.2k refunds...scammers? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Well done, @derryb. Congrats!
They got scared of the dips and returned for refund. I then sold at higher prices.
wasn't bragging, just proving how I know there is demand. Keep in mind that is gross, not net. And it doesn't include my sales in other venues. Like I said in an earlier thread, I'm liquidating for personal reasons. Still have five monster boxes if anyone is interested.
When gold and silver move together, it signals the coming end of fiat money.
Said it before it worked well for you, the gutter that is. It hit prices you were happy with right at a time you were wanting to liquidate. Once in a lifetime event and happy it happened for you. CNGRTS!
P.S. PLS don't be liquidating yer gold. RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
gold was first to go because it was first to hit record highs. Still have 3.4 MS70 ounces.
When gold and silver move together, it signals the coming end of fiat money.
Oh lordy, you should never sell your gold. Hodl it to the very end brother. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
in the end we are just dust in the wind.
When gold and silver move together, it signals the coming end of fiat money.
The way I see it is, if till “the end” you don’t need it, pass it on to your most cherished humans that you have educated on it and will carry on afterwards. Unless you are alone in the world.. of course.
COPPER is gutter !
No, it's a way to prevent someone going belly-up on a wrong-way bet and the clearing firm having to absorb the loss.
Check out the end of "Trading Places"......."all acounts to be settled at the close of the day's trading...no exceptions!!"
In the Hunt's case it's a way to prevent someone from becoming king. Hunt bet was a good bet until the rule change purposely made it a bad bet. It's all about market control, even if you're too brainwashed to see it.
When gold and silver move together, it signals the coming end of fiat money.
Well initial margin and maintenance margin requirements are 2 different animals. If someone sold 10 Jan silver futures at $60 10 days ago, that is for delivery of 50,000 troy ozs and a $3MM payoff. Today at almost $80, the buyer of those contracts will pay the $3MM since the silver contract now has a market value of $4MM. The CME will hit the seller with a large margin call to make sure they can deliver or close out with sufficient equity since only 10% was put upfront. This is about controlling risk and not controlling prices, even if it does effect the price temporarily.