CRIMEX raised margin requirements AGAIN late Wednesday afternoon. Look for it to continue until the price is where "they" want it. They claim it is to cut down on speculators but if that is the case why are they not raising margin requirement on other commodities such as oil and food items?
Well, obviously it is because silver contributes to inflation, whereas energy and food costs do not. And besides, JPM can't get out of their short positions without huge losses unless the price drops significantly. It's easy to make money when you know in advance that the rules are going to be changed in your favor.
What better way to catch a whole net full of fish than to lower the water level in the lake, trapping the fish in the shallow water? There are whole new generations of speculators who weren't around in 1980, and they don't think that it could ever happen again.
The game isn't over by any means. It will be a great time to add to the stash before this little play is completed.
Q: Are You Printing Money? Bernanke: Not Literally
Given the beating given to positions by the margin requirements change, it is interesting to see prices have not fallen further.
Let's get it over with and put margins at 100% - and have just a pure cash market. After a shakeout, silver as a store of value will still do better than fiat currency with QEx.
Physical market - physical possession - real value. Get rid of all this financial manipulation BS that can be changed on a (silver) dime.
Since most of my silver was bought at $18-19, I'll manage.
Heck, my biggest gold purchase was at $405 per ounce, so I am sleeping well at night.
If only the cat did not think that sunrise = breakfast........
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Let's get it over with and put margins at 100% - and have just a pure cash market.
I am 100.000% convinced that the manipulation is now done with the changes in margin requirements. If you have knowledge beforehand, you can benefit from liquidating your shorts while hurting the very folks who are keeping the prices up. If you switched over to 100% cash all at once, you would no longer be able to inflict damage on your adversaries in the market. In doing it stepwise, you can give JPM the gift that keeps on giving.
Q: Are You Printing Money? Bernanke: Not Literally
An old movie conversation also comes to mind, name that movie
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it."
What some people are missing is that this fall is not due to free market forces but rather market manipulation by the changing of the 'rules of the game in the middle of the game' by raising margin requirements. This has absolutely nothing to do with the free market for PMs.
So for those expecting a fall - pat yourself on the back if you want to, but understand that your point of view is winning only because the rule book was re-written.
The real market is the physical market, and it will reassert itself after all of the hedging and derivative games have run their course.
<< <i>Let's get it over with and put margins at 100% - and have just a pure cash market.
I am 100.000% convinced that the manipulation is now done with the changes in margin requirements. If you have knowledge beforehand, you can benefit from liquidating your shorts while hurting the very folks who are keeping the prices up. If you switched over to 100% cash all at once, you would no longer be able to inflict damage on your adversaries in the market. In doing it stepwise, you can give JPM the gift that keeps on giving. >>
Margin requirement MUST increase as the price increases. ProofCollection correctly pointed this out in another thread. Silver apparently was in a bubble. The futures were in backwardation and I stated about 2 months ago that this would lead to a parabolic move and subsequent dramatic selloff. I even posted a chart of oil in 2008 as comparison. The question now is whether or not silver drops 70% as is usual in these situations.
The picture is much clearer when you remove the clouds of conspiracy theory.
What some people are missing is that this fall is not due to free market forces but rather market manipulation by the changing of the 'rules of the game in the middle of the game' by raising margin requirements. This has absolutely nothing to do with the free market for PMs.
So for those expecting a fall - pat yourself on the back if you want to, but understand that your point of view is winning only because the rule book was re-written.
The real market is the physical market, and it will reassert itself after all of the hedging and derivative games have run their course. >>
The rule book was not re-written. The rules were just enforced. This is why bubbles ALWAYS burst. If in fact silver does make another parabolic move to $100, this same exact scenerio will again arise. The manipulation is becoming more apparent in the uninterrupted run-up since Jan, rather than the 5 day selloff.
I remember first hearing about the "Tulip bubble" in Holland, I think it was in the 17th century, and I thought that sounded crazy...but it turns out it was true.
Bubbles are certainly nothing new...and frankly, if ya think you're clever enough to predict the bubbles to get rich quick, usually ya windup getting poor quick.
<< <i>An old movie conversation also comes to mind, name that movie
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it." >>
Name that movie...
Eddie Murphy and Dan Akroyd....'Trading Places'.....and silver was somewhere in the $5 range when that movie was made, in 1983 (you could see it on the Philly Stock Exch board in the background).
Guys, I want to appologize for causing this steep decrease in silver prices. I just got my ATB sets in and was thinking about selling a couple and that was the cause of this downturn. Again, just wanted to appologize for my actions WOW, look at that steep dropoff...
<< <i>An old movie conversation also comes to mind, name that movie
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it." >>
Eddie Murphy, of course... "Trading Places", with Dan Akroyd
UBERCOINER
A Truth That's Told With Bad Intent Beats All The Lies You Can Invent
I'm holding what I've got and will cash out in a few months to buy better coins. If silver has rebounded, I'll profit then. I'd break even now, since a lot of my buy was around the $35-40 range. Some was above, but some below as well. If silver contines to go down, I'll probably stock up more.
Improperly Cleaned, Our passion for numismatics is Genuine! Now featuring correct spelling.
Comments
Well, obviously it is because silver contributes to inflation, whereas energy and food costs do not. And besides, JPM can't get out of their short positions without huge losses unless the price drops significantly. It's easy to make money when you know in advance that the rules are going to be changed in your favor.
What better way to catch a whole net full of fish than to lower the water level in the lake, trapping the fish in the shallow water? There are whole new generations of speculators who weren't around in 1980, and they don't think that it could ever happen again.
The game isn't over by any means. It will be a great time to add to the stash before this little play is completed.
I knew it would happen.
Let's get it over with and put margins at 100% - and have just a pure cash market. After a shakeout, silver as a store of value will still do better than fiat currency with QEx.
Physical market - physical possession - real value. Get rid of all this financial manipulation BS that can be changed on a (silver) dime.
Heck, my biggest gold purchase was at $405 per ounce, so I am sleeping well at night.
If only the cat did not think that sunrise = breakfast........
<< <i>Well, whatever I lose, it'll be worth it, because the thing that catalyzed the market swing was the death of Osama bin Laden. >>
Nonsense...suggest you read the thread & expand your PM knowledge.
<< <i>Since most of my silver was bought at $18-19, I'll manage.
Heck, my biggest gold purchase was at $405 per ounce, so I am sleeping well at night.
If only the cat did not think that sunrise = breakfast........
Change wet food to a dinner time thing and in a few weeks/months they/it will let you sleep
my early American coins & currency: -- http://yankeedoodlecoins.com/
I am 100.000% convinced that the manipulation is now done with the changes in margin requirements. If you have knowledge beforehand, you can benefit from liquidating your shorts while hurting the very folks who are keeping the prices up. If you switched over to 100% cash all at once, you would no longer be able to inflict damage on your adversaries in the market. In doing it stepwise, you can give JPM the gift that keeps on giving.
I knew it would happen.
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it."
my early American coins & currency: -- http://yankeedoodlecoins.com/
The downslide continues!!!
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COPPER?
<< <i>And so it goes.
The downslide continues!!! >>
What some people are missing is that this fall is not due to free market forces but rather market manipulation by the changing of the 'rules of the game in the middle of the game' by raising margin requirements. This has absolutely nothing to do with the free market for PMs.
So for those expecting a fall - pat yourself on the back if you want to, but understand that your point of view is winning only because the rule book was re-written.
The real market is the physical market, and it will reassert itself after all of the hedging and derivative games have run their course.
<< <i>Let's get it over with and put margins at 100% - and have just a pure cash market.
I am 100.000% convinced that the manipulation is now done with the changes in margin requirements. If you have knowledge beforehand, you can benefit from liquidating your shorts while hurting the very folks who are keeping the prices up. If you switched over to 100% cash all at once, you would no longer be able to inflict damage on your adversaries in the market. In doing it stepwise, you can give JPM the gift that keeps on giving. >>
Margin requirement MUST increase as the price increases. ProofCollection correctly pointed this out in another thread. Silver apparently was in a bubble. The futures were in backwardation and I stated about 2 months ago that this would lead to a parabolic move and subsequent dramatic selloff. I even posted a chart of oil in 2008 as comparison. The question now is whether or not silver drops 70% as is usual in these situations.
The picture is much clearer when you remove the clouds of conspiracy theory.
Knowledge is the enemy of fear
<< <i>
<< <i>And so it goes.
The downslide continues!!! >>
What some people are missing is that this fall is not due to free market forces but rather market manipulation by the changing of the 'rules of the game in the middle of the game' by raising margin requirements. This has absolutely nothing to do with the free market for PMs.
So for those expecting a fall - pat yourself on the back if you want to, but understand that your point of view is winning only because the rule book was re-written.
The real market is the physical market, and it will reassert itself after all of the hedging and derivative games have run their course. >>
The rule book was not re-written. The rules were just enforced. This is why bubbles ALWAYS burst. If in fact silver does make another parabolic move to $100, this same exact scenerio will again arise. The manipulation is becoming more apparent in the uninterrupted run-up since Jan, rather than the 5 day selloff.
Knowledge is the enemy of fear
<< <i>A certain song by Tom Petty comes to mind right now....Free falling >>
Try this.
<< <i>But a good conspiracy theory is soooooo much more interesting, Dave.
paranoid conspiracy advocates are even more entertaining
Bubbles are certainly nothing new...and frankly, if ya think you're clever enough to predict the bubbles to get rich quick, usually ya windup getting poor quick.
Check out oil...down $10/barrel.
Stupid...just stupid.
Check out oil...down $10/barrel.
Stupid...just stupid.
Please explain why the market is stupid just stupid?
thanks
Liberty: Parent of Science & Industry
<< <i>An old movie conversation also comes to mind, name that movie
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it." >>
Name that movie...
Eddie Murphy and Dan Akroyd....'Trading Places'.....and silver was somewhere in the $5 range when that movie was made, in 1983 (you could see it on the Philly Stock Exch board in the background).
seems extreme to me but when your stock looses $59 in one day you tend to go bonkers.
WOW, look at that steep dropoff...
<< <i>An old movie conversation also comes to mind, name that movie
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it." >>
Eddie Murphy, of course... "Trading Places", with Dan Akroyd
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
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I dont want to say how much I bought but lets just say its way over 400 ounces.
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<< <i>I dont want to say how much I bought but lets just say its way over 400 ounces. >>
We will put you down for 401 ounces.
W.C. Fields
<< <i>
<< <i>I dont want to say how much I bought but lets just say its way over 400 ounces. >>
We will put you down for 401 ounces. >>
It was a little more than that.
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<< <i>
<< <i>
<< <i>I dont want to say how much I bought but lets just say its way over 400 ounces. >>
We will put you down for 401 ounces. >>
It was a little more than that. >>
402?
<< <i>
<< <i>
<< <i>
<< <i>I dont want to say how much I bought but lets just say its way over 400 ounces. >>
We will put you down for 401 ounces. >>
It was a little more than that. >>
402?
No its a lot more than 402 ounces and so far I made the right decision. Sold high and bought low, thats what your supposed to do.
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