By 22%. Here we go again.
LOS ANGELES (MarketWatch) -- U.S. exchange operator CME Group CME said late Wednesday it is raising the margin requirements for trade in a wide range of gold products, effective Thursday. The speculative margin requirement for a new position in Comex 100 gold futures will rise to $7,425 from $6,075, or to $5,500 from $4,500 for existing "current maintenance" margins. However, benchmark gold futures extended their rise in the wake of the announcement. Comex gold for December delivery GC1Z rose to $1,807 an ounce from its $1,784 New York settlement level Wednesday, ahead of the CME announcement.
And Radigan just went fucking awal...watch the whole video please...this is one of the greatest rants I have ever seen in the history of my life
Yea... some asshole on CNBC was talking about gold about an hour ago, and he said something to the tune of "Gold is going hyperbolic, they better start putting more margin calls out on this." And so they do... wow. Fuckers.
ReplyDeleteHHHMMM. Let me see. Who could have predicted this move today in silver? Did anyone? HHHMMM, who could it be? Oh, and did it when it was around $38.37
ReplyDeleteLedbedder said...
First target is $39.66
August 9, 2011 7:24 PM
That is a gain of $6,450
NAH!! Technical analysis doesn't work!
Just having some fun braggin'. Noone get the shorts in a wad.
Now the question is how many more are coming?
ReplyDelete@Ledbedder: Props!
I'm new to the stocks (haven't invested anything, still educating)
ReplyDeleteDoes this mean gold will go down tomorrow?
Jim Sinclair will not be happy
ReplyDeletegentics: Stick to DNA, you dont need to be tainted with our sickness
ReplyDeleteFirst they make it illegal to trade gold and silver through OTC.
ReplyDeleteThen they pump up the stock market and then slamp on it.
JPM hyped up the gold prospect, and let the market crashes, that push more money into gold. Then they will keep raising margins for the killing.
Evil crooks !!
Buy physical metals and stop toying with paper!
ReplyDeletegold has already recovered from the margin hike drop and is pushing ahead
ReplyDeletedon't be a hater SGS. Just another reader trying to educate himself.
ReplyDeleteI'm just curious because my family has silver lying around (family inheritance) and I thought I might as well start learning how the markets work, even if manipulated.
For the time being, I'll admit that this train wreck is entertaining.
Follow the yellow (phyzz) brick road...
ReplyDeletehttp://www.youtube.com/watch?v=THbY7EL8k5w
Off to see the wizard, the wonderful wizard of oz... (troy oz's)
yeah i mean this gold thing is just nuts, up more than I ever dreamed over 3 days, its gotta be shaken out by short term profit guys ... me, I will wait and wait till Kurt Escapes from NY and finds Liberty buried in the sand then swipes Heston's sexy mute GF :)
ReplyDeleteThe evil empire wants to take everyone down. It doesn't matter what it is. They are slowly dumping the market and even scaring out the small short investors. All 401k's, IRA's, annuities, bank accounts, CD's, mutual funds, insurance policy paid up additions, all of it. Even these precious metals are make to be taken and destroyed.
ReplyDeleteBitcoins may be a last resort to what is going on here since this is the age of computers. We need to start bitcoin mining companies.. It's all geared toward a Farmville type lifestyle. I'm looking into bitcoins
f'd up.
ReplyDeleteJust notice something I did not expected. I thought the extended trading hours is closed an hour ago. But I have just sold my UGL shares right now. I did it through my TD thinkorswim account. Has anyone experience similar thing like that ?
ReplyDelete@Ledbedder...i do have to say nice call...where do we go from here
ReplyDeleteI'm starting to think this is being done to push the sheep who are losing their 401k and IRAs into treasury bonds to "protect" them from the market fluctuation. They just raised the debt ceiling and if the Fed keeps buying all the bonds the whole system will have even less credibility. No demand for the paper? Don't worry, we will make some demand! I think this is the beginning. Now just wait for the gov solution to come to the rescue to "solve" the crisis they created.
ReplyDeleteSo how much longer do you think Radigan keeps his job? The bankers have probably put out a hit on him.
ReplyDeleteBlythe has now discovered that SGS, ZH, and Turdite trolls have infested her blog. She weeded comments by hand four times today. Tell her what you think by posting on EVERY thread (wastes more of her time).
ReplyDeletehttp://blythemasters.blogspot.com
SILVER & GOLD UPDATES
ReplyDeleteIshares Silver Trust $ 38.44
SLV 2.12
Short Interest (Shares Short) 23,932,300
Days To Cover (Short Interest Ratio) 0.6
Short Interest - Prior 31,260,600
Short % Increase / Decrease -23.44
-------------------------------------------
Spdr Gold Trust $ 174.58
GLD 5.97
Short Interest (Shares Short) 31,972,900
Days To Cover (Short Interest Ratio) 2.0
Short Interest - Prior 30,269,300
Short % Increase / Decrease 5.63
--------------------------------
Here we can see the SLV has dropped 7.3 million short positions against it over last month. This is indeed significant. On the other hand, the GLD has increased its short positions 1.7 million shares.
COMEX SILVER INVENTORIES
Over the past month, there has been a slow increase in overall inventories on the comex. Today, we had a nice withdrawal of:
REGISTERED = -152,218 oz
CUSTOMER = -1,138,704 oz
TOTAL = -1,290,922 oz
Besides that....looks like everything is okay in the markets. Maybe tomorrow we have another boring day.
The country has been brought to the brink of disaster by decades of plundering. Dipshits in D.C. dont give a flying fuck about anything except re-election. Me personally I feel that paper is good for two things only 1) to write on and 2) to wipe your ass. (end of rant)
ReplyDeletegentics: Stick to DNA, you dont need to be tainted with our sickness
ReplyDeleteLMAO !
Five Kids that are Scientist ! And they All own Silver ! They've listened to their Dumb Mechanic Father ! Nine Kids all together. Four still at home.. I had my 15yr old read "The Creature From Jekyll Island" this summer.. He wants to be a Banker..lolol He scored in the top 1% in math this last year.. Funny Kid.. And Understands/knows more, than the average Seventy year old , walking around about Money !
Genetics: No hate. You would really feel my hate if I hated you.
ReplyDeleteI will have a section for noobs in the new site.
here comes Asian money to buy gold and silver...Hari Kari to the banksters.....
ReplyDeletegold hiked sliver slammed obv
ReplyDeleteLike I said in a previous post, I will never understand Sydney trading. You mean to tell me that an economy that hinges on commodity prices and its ties to China sells its silver at the close?
ReplyDeleteI have yet to see any real silver gains as I have purchased most of my physical silver between $32-40/oz, but I have faith in the fundamentals and will continue stacking. It feels like to has to break loose really soon. I love seeing gold go up because it just makes silver that much more undervalued ;)
ReplyDeleteP.S. SGS: Love the info you have here. As soon as we hit $50/oz I promise to donate! Looking forward to the new website.
Agreed. Best rant ever. Radigan for President.
ReplyDeleteI couldn't go more than twelve hours "cold-turkey"
I needed my fix.
Looks like gold needs to take a breather. Hit the upper tradj. line near $1815 +/- in GCZ11
ReplyDelete@ Ragnar
ReplyDeleteYou're right, my 'I'd like to fuck her in the ass' quote has gone!
Do you think she took offense? Just a bit of payback I thought!
Not that I fancy her, slut.
Dylan's break down was fucking EPIC!!! Mad props to him.
ReplyDeleteI must admit...its all my fault:
ReplyDeletehttp://finance.yahoo.com/news/Chartbased-trading-behind-big-apf-1691830324.html?x=0
LOL! These idiots will try to blame anyone but Obummer & the rest of the fools in Washington.
I guess the kool-aide has turned to sour grapes. Wonder what he'll be screaming when owebamazombies come down his street?
ReplyDeleteLots of passion but he is still an idiot. What was his solution? For the president to assume dictatorial powers? Yeah, that will be good for America.
ReplyDeleteColin said...
ReplyDeleteyeah i mean this gold thing is just nuts, up more than I ever dreamed over 3 days, its gotta be shaken out by short term profit guys ... me, I will wait and wait till Kurt Escapes from NY and finds Liberty buried in the sand then swipes Heston's sexy mute GF :)
August 10, 2011 7:52 PM
COMMENT OF THE NIGHT, HANDS DOWN! LMFAO....+ 1 FOR YOU SIR!