To: Mamzelle
When you want to take down a market, you make it harder for the buyers. They just raised the margins on futures contracts. That means it costs more to buy a contract. This is the fourth time in the last week they have raised the price of doing business, so yes, silver is going down. They have to protect JP Morgue who was about to take a big hit, due to the rising price of silver.
4 posted on
05/04/2011 4:26:03 PM PDT by
Wingy
(Don't blame me. I voted for the chick. I hope to do so again.)
To: Wingy
Oops! My mistake. It's not the fourth increase, but they just announced a Fifth increase in 8 days! This means that instead of buying a 5000 ounce contract for about 11% of the full price you need 33%+. this will certainly tamp down those pesky buyers. I'm thinking the Fed is about to make a move soon...
5 posted on
05/04/2011 4:40:14 PM PDT by
Wingy
(Don't blame me. I voted for the chick. I hope to do so again.)
To: Wingy
Brother can you spare a Mercury Head Dime?
6 posted on
05/04/2011 4:41:15 PM PDT by
screaminsunshine
(Shut up and eat your Beans!)
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