It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Thursday, 24 March 2011
And Like Clockwork, CME Hikes Silver Margins Halting Surge
In tried and true fashion, just as Silver was about to viciously destabilize the global capital markets as it surged to new 31 year highs, the CME stepped in and did its usual 3-6 half life intervention by hiking initial and maintenance margins on silver futures from $11,138 and $8,250 to $11,745 and $8,700 respectively. This is merely the latest margin hike in what appears to be a neverneding series designed to reduce speculative "fervor" courtesy of endless liquidity. What it will do is merely provide a better entry point for those who by now realize that silver's next stop in the fiat endgame is $40, then $50, and so forth. Naturally, the price drop in silver caused gold to sell off too. And now that the CME accepts gold as collateral, we can't even visualize the reflexive loops that develop once the metal that is also a collateral currency becomes more and less valuable at the same time. - Link
So in your opinion, how long to wait to buy more? I held off today as I seen this coming. But for how long do you think? - jude11
Originally posted by rancher1
On raising margens,,
I want to know who the Custodian is for these silver contracts ??? It pisses me off, they do this with no warning at all on all my other positions I'm notified of a date then they do it,,
Originally posted by CosmicCitizen
Probable retracements in silver:
Px / P
$36 - 80%
$34 - 70%
$31 - 50%
$28 - 30%
$26 - 20%
$25 - 10%
($37 was 90% but is now an affait accompli)
edit on 24-3-2011 by CosmicCitizen because: (no reason given)