Honk Kong Mercantile Exchange begins trading silver futures tomorrow
derryb
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Hong Kong Mercantile Exchange will start trading dollar denominated silver futures contracts tomorrow. Hope this gives a big wedgie to the COMEX manipulators. 
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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<< <i>Hong Kong Mercantile Exchange will start trading dollar denominated silver futures contracts tomorrow. Hope this gives a big wedgie to the COMEX manipulators.
Will this make the price of silver more volatile, less volatile, or no effect on volatility?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
As we know, silver prices tend to trend gold prices:
Gold “Fever” in Asia and Central Bank Demand Could Cause an “Earthquake” in the Gold Market
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yes (if your broker supports it) & LINK
Link
<< <i>An interesting commentary:
Link >>
Thanks Captain for sharing that link. Let's hope that he is correct in his thoughts.
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In God We Trust.... all others pay in Gold and Silver!
SILVER FUTURES
In God We Trust.... all others pay in Gold and Silver!
<< <i>Honk if you love geese! >>
<< <i>
<< <i>Honk if you love geese! >>
Glad somebody finally got it........
Sorry.... it lost it's format!
In God We Trust.... all others pay in Gold and Silver!
Here are the rules:
Spot Month Position Limit: 3,000 contracts (gross long or short); the spot month position limit shall be
effective from the close of the first business day of the contract month.
Reportable Position: 250 contracts (gross long or short) for each contract month.
I see Morgan Stanley is both a "Clear Member" and a "Broker Member".
In God We Trust.... all others pay in Gold and Silver!
Couldn't a large bank have multiple other entities carry short positions for them at the limit? Since JPM has claimed to be out of the massive silver shorting business on the
Comex they have probably gotten Morgan Stanley, GS, and others to pick up the load. And does this limit apply to the each individual client of the commerical entity or the
net position of all their clients?
roadrunner
I not sure the HKME is a "game changer" or just another way to manipulate the market.
In God We Trust.... all others pay in Gold and Silver!
<< <i>
<< <i>Hong Kong Mercantile Exchange will start trading dollar denominated silver futures contracts tomorrow. Hope this gives a big wedgie to the COMEX manipulators.
Will this make the price of silver more volatile, less volatile, or no effect on volatility? >>
It will stop the growing disconnect between paper and physical markets dead in its tracks
unless the bankers can manipulate this exchange as well. Normally the paper market sells
lower than physical so on average will mean a somewhat higher price for silver. This effect
will be nominal however.
The more important and greater effect is that it will become far more difficult for the bank-
sters and others using shenanigans to stop rallies. Tricks with paper have no effect on
the demand or supply of actual silver.
It seems likely that this will become an important part of the price of silver and, to a lesser
extent, the price of gold.
In short, look for at least moderate levels of new buying and no games to thwart price
changes. This will not hurt bulls in bear markets but we may be eating bear for lunch in
bull markets.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It probably can't be good for bulls or bears if the Rothchilds are involved. At least it will be good for the Rothschilds and that's all that really counts.