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The long-rumored CME margin hike on silver becomes fact, with about a 10% bump set to take place...

The long-rumored CME margin hike on silver becomes fact, with about a 10% bump set to take place after Tuesday's close. With the news likely having been priced in several times, the metal is unaffected, trading at $47.36/oz, +2.7% for the day.
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Comments (5)
  • Donald Ingram
    , contributor
    Comments (3481) | Send Message
     
    This hike will have the same effect on the price of silver as the last hike did - ZERO!
    25 Apr 2011, 04:08 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Keep 'em coming, they've already been priced in with leverage. There should be a run on adult diapers in about 2 dollars.
    25 Apr 2011, 04:14 PM Reply Like
  • Steve Soden
    , contributor
    Comments (663) | Send Message
     
    Early AM Monday Silver was scary, big time!

     

    From the Thursday close (46.06) Silver moved up slowly all weekend and and then moved sharply in foreign trading to (49.84) prior to the London trade, Monday. Also, most foreign markets were closed on Monday, this created a vacuum.
    Then, just prior to the London opening Silver dumped @ $3, a dollar at a time with a short blip up on each dollar move down, sucked em' in.

     

    All this happened without NY open, someone or ones made a ton.

     

    Me thinks something was rotten in the Far East, and you may never hear another word on this apparant corrupt market action.

     

    I've been in this market for 8 years now, what say you?
    26 Apr 2011, 01:21 AM Reply Like
  • sksplit
    , contributor
    Comments (6) | Send Message
     
    i bet alot of money on the fact that silver was up at 49 in pre trade hours just before opening on agq (leveraged etf). failed miserably. pissed
    26 Apr 2011, 01:33 AM Reply Like
  • Ed's perspective
    , contributor
    Comments (262) | Send Message
     
    only fools ignore the facts .....
    at the margin things are changing.
    the facts are the chinese are tightening .....
    the U.S. may tighten ....
    the CME policy is tightening.

     

    no ONE item is alarming or conclusive ...
    but the aggregate focus of multiple players all moving in the same direction ultimately plays out in the direction that they are trying to influence.

     

    be a buyer at your own risk/ peril.
    any short run rally is a selling opportunity.
    26 Apr 2011, 08:15 AM Reply Like
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