Monday, May 2, 2011

Got Puts? CME raises silver margin (only) again, again, and again, will have to do it again, dont you worry

All you can eat buffet has now opened...I am assuming Etrade, CS, and the rest of the J Dimon knob gobblers will follow suit....this will truly become the biggest heist in the history of financial markets. The COMEX is now confirmed dry, and they are doing every thing they can to stop what is about to happen. Well I've got news for you. You will have to halt ALL silver trading indefinitely to stop this fuckin train. Fuck it, to the metals report tonight it is!

Click hear to enjoy this...
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21 comments:

  1. zepsterMay 2, 2011 at 6:12 PM

    Confirmed dry? Really? Couldn't this be just a $50 silver we don't want people panicking out of the bond market thing?

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  2. The News UNITMay 2, 2011 at 6:12 PM

    Are you giving up or giving in? Go TKRFF!

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  3. silvergoldsilverMay 2, 2011 at 6:15 PM

    This will be a great chance to buy phyzz..soon enough everything will be depleted...

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  4. HorsyguyMay 2, 2011 at 6:17 PM

    If I get this right, a margin call (maintenance call) means an investor has to add money or securities to keep their account current. So by raising this limit, the investors (JPM) is allowed to run a deeper deficit without adding money or securities?

    So my guess is, they are hoping, planning or designing that silver will correct or drop and then they will have their accounts covered. Not sure if I have this correct?

    Let me know if I have this right.

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  5. LedbedderMay 2, 2011 at 6:20 PM

    I switched from silver options to soybean contracts. F these jerks. I am going to wait until the dust settles.

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  6. silvergoldsilverMay 2, 2011 at 6:28 PM

    Horse: If a long holder on margin cannot come up with fiat for the margin call, their position is liquidated in the open market....hence last nights clusterfuck, and many, many more to come...

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  7. HorsyguyMay 2, 2011 at 6:34 PM

    thanks SGS, I found this article, some may find interesting.

    http://www.rapidtrends.com/4-fundamentals-of-the-silver-price-jason-hommel/

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  8. HorsyguyMay 2, 2011 at 7:00 PM

    This comment has been removed by the author.

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  9. 2pac4yaMay 2, 2011 at 7:14 PM

    sgs,

    short term how low do we go? and what r you doing with your mining shares?

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  10. chris brittonMay 2, 2011 at 7:21 PM

    The banksters have showed their latest ace, and probably not the last. I expect that any run up to the high 40's is going to have a margin hike to knock it down. Unless/Until the large specs start stepping in again to overrun the shorts, not to mention that those specs need enough fiat to resist any margin hikes, silver is just going to consolidate for a while. If the cartel push the price too low (mid 30's?) then the physical will dry up from the buying frenzy at deeply discounted prices. This will lead to complete backwardation, price goes back up, margin hike(s), price goes down. Rinse, wipe, repeat.

    I hope I'm wrong. I really want to see silver 50+ and end the criminal shenanigans of the banks and our market "regulators".

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  11. 2pac4yaMay 2, 2011 at 7:28 PM

    and.... http://www.zerohedge.com/article/so-much-sprott-silver-scare-every-dollar-pslv-sales-was-reinvested-silver-equities

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  12. StrannickMay 2, 2011 at 7:51 PM

    Same Sprott article says he was moving it into absurdly minisculely valued miners. Good move.

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  13. AnonymousMay 2, 2011 at 8:14 PM

    How come no class action lawsuits yet ?

    We gotta make CFTC, JPM and HSBC. Can we sue the board members of CFTC ?

    They did nothing on the silver manipulations investigation. And they are not doing anything on the position limits.

    ReplyDelete
  14. walp86May 2, 2011 at 8:15 PM

    Lol, I almost peed my pants when my portfolio overview showed Hinterland +530%
    But that only turned out to be technical difficulites :( (Or is it a sign maybe? =)

    Why are you so super-bearish on silver all of a sudden? ETFs will come and go, and eventually go boom midair (love them airbombs!)

    ReplyDelete
  15. silvergoldsilverMay 2, 2011 at 8:36 PM

    "short term how low do we go? and what r you doing with your mining shares? "

    Not sure. $42 seems good. If they keep increasing the margin, eventually they will get this down to $10, but there will be no metal left at that point.

    As for the miners I have bids in. The cycle towards the MA continues, look for explanation on tonight's commentary.

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  16. StrannickMay 2, 2011 at 8:48 PM

    THE USDX IS RISING!! ITS AT 73.13!! THE ECONOMY IS GOING TO BE OK!! ITS ALL GOING TO BE OK!! YES WE CAN. YES WE CAN!

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  17. SRSroccoMay 2, 2011 at 9:00 PM

    1) Weather unit you are a piece of fricken garbage.

    2) Sgs...what would make silver trade +70 cents one tic then the very next trade on kitco its only up +10 cents. It has been doing this for over an hour

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  18. silvergoldsilverMay 2, 2011 at 9:07 PM

    Bears 6 coming soon to explain the next move. See tonights commentary.

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  19. The DocMay 2, 2011 at 11:06 PM

    we backed up the truck at $43.59 today.
    Man I love me a good margin hike!

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  20. ColinMay 3, 2011 at 2:16 AM

    http://www.blogtalkradio.com/gonobradio/2011/05/02/bob-chapman

    this is a great listen, Chappy starts in a couple mins and in 5 mins he tells stories I had heard before but still awesome.

    ReplyDelete
  21. TroyMay 3, 2011 at 8:47 AM

    adding to my Silvermex position

    ReplyDelete

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