CME LOWERS silver margin requirements
derryb
Posts: 36,792 ✭✭✭✭✭
Friday action could be very interesting
Almost sold 4000 shares of USLV this afternoon, but something told me a swan is in the works. This could be better than a silly old swan. (sorry, gotta brag on the "good" hunches, they don't come often).
Edited to correct day of week in link. (we retirees sometimes loose track of what day it is).
Almost sold 4000 shares of USLV this afternoon, but something told me a swan is in the works. This could be better than a silly old swan. (sorry, gotta brag on the "good" hunches, they don't come often).
Edited to correct day of week in link. (we retirees sometimes loose track of what day it is).
"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>Monday action could be very interesting
Almost sold 4000 shares of USLV this afternoon, something told me the weekend was gonna bring us a swan. This could be better than a silly old swan. >>
"While it is unknown if this is merely a bull trap to get yet another bubble going, then to slaughter everyone with the same relentless barrage of margin hikes as we saw in the spring of 2011, or simply volumes in commodities have gotten so low that even the CME is willing to allow a little price appreciation in exchange for participation is unknown, but as of April 16 silver initial and maintenance margins will be 12.5% lower, while copper margins are declining by 20%. "
I'll go with the former rather than the latter regarding the article quote.
<< <i>"While it is unknown if this is merely a bull trap to get yet another bubble going, then to slaughter everyone with the same relentless barrage of margin hikes as we saw in the spring of 2011, or simply volumes in commodities have gotten so low that even the CME is willing to allow a little price appreciation in exchange for participation is unknown, but as of April 16 silver initial and maintenance margins will be 12.5% lower, while copper margins are declining by 20%. "
I'll go with the former rather than the latter regarding the article quote. >>
I'll settle for a temporary price spike on Friday. The advantage of paper allows one to liquidate at the push of a button.
"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
week's OE effects start to filter in. Didn't the last time they did this lead to another a$$ whipping shortly thereafter? Volumes are down though over the past 6-12 months
so they probably need the money. As less and less people play on the Comex, eventually it becomes more and more irrelevant.
Hmm, why no gold margin reduction?
<< <i>Hmm, why no gold margin reduction? >>
One trap at a time.
"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
The last cut was on Feb 9 at about just about the same price and silver dropped about 6% over the next 5 days.
Good thing they leaked the news earlier today.
Knowledge is the enemy of fear
<< <i>Darn manipulators!!
The last cut was on Feb 9 at about just about the same price and silver dropped about 6% over the next 5 days.
Good thing they leaked the news earlier today. >>
Just goes to show that news doesn't move markets. One more case of an unexpected reaction. Markets make the news.
I knew it would happen.
Sideways is a bull market's best friend, embrace it.
Knowledge is the enemy of fear
Silver better make a stand next week, otherwise the roars of manipulation will be deafening.
Lets hope $27 holds this time.
Knowledge is the enemy of fear
Looks like you found the black one. Still holding?
Knowledge is the enemy of fear
Overnight positions are like playing Russian Roulette!
Been there, done that.
<< <i>Almost sold 4000 shares of USLV this afternoon, but something told me a swan is in the works
Looks like you found the black one. Still holding? >>
Dumped the USLV as soon as the market opened. Should have dumped yesterday afternoon, gain would have been higher.
"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
Every time for the past month when silver gets extended past the 72 ema on the Hourly May Silver chart, it whipsaws back to the original starting point on the downside.
Probably by the time I and others recognize the repeat of this action the tide will change. So now I've recognized it, so it can change as of today or now would be good.
miners. And the past few days they've actually acted stronger than silver bullion. Then come early the following week is regular silver bullion OE week. So this back to back
set up of about 7-9 trading days could put a further hurt on PMs and miners. It certainly sets up well for further hits if the banksters want to utilize it....regardless of lower CME margins.