Showing posts with label Silver. Show all posts
Showing posts with label Silver. Show all posts
Tuesday, December 7, 2010
Monday, December 6, 2010
Silver's One-Thin-Dime Away From $30 An Ounce..
12:55 p.m. CST $29.90/oz. The link's to Urban Survival's Kitco chart at the top of the page. Oh yeah, it's already broken $30 today, and is hanging out just below that mark. Will it break the barrier at the close of today's trading? Monday, Monday..
Tuesday, November 16, 2010
Long Term Silver Prices Can't Be Stopped, But The Chicago Mercantile Exchange Is Still Gonna Try, Baby..
The Chicago Mercantile Exchange (CME) raises margins on commodities again, Excerpts:
The Chicago Mercantile Exchange (CME) is continuing its assault to stem the speculation on commodities that threaten to go parabolic due to the Fed's QE2 and subsequent inflation.
Last week, silver took a plunge immediately after the CME raised margin rates 30% from $5000.00 to $6500.00, and it is affecting other commodities such as copper as well.
Tyler Durden from ZeroHedge says:
Look for a second round of imminent margin hikes in cotton, sugar, coffee and wheat, as the exchanges are suddenly very concerned about what retail margin collapses may mean for the non-existent wealth effect.
Change is afoot, friends, and all sectors of our (and the world's) economy are fluid. Watching CNBC will be so much more exciting in the coming weeks, so stay tuned!
The Chicago Mercantile Exchange (CME) is continuing its assault to stem the speculation on commodities that threaten to go parabolic due to the Fed's QE2 and subsequent inflation.
Last week, silver took a plunge immediately after the CME raised margin rates 30% from $5000.00 to $6500.00, and it is affecting other commodities such as copper as well.
Tyler Durden from ZeroHedge says:
Look for a second round of imminent margin hikes in cotton, sugar, coffee and wheat, as the exchanges are suddenly very concerned about what retail margin collapses may mean for the non-existent wealth effect.
Change is afoot, friends, and all sectors of our (and the world's) economy are fluid. Watching CNBC will be so much more exciting in the coming weeks, so stay tuned!
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