really cant short stuff.... I remember the Hunt silver hayride where a lot of blood was shed trying to short a J curve.... margins get jacked up and it's too painful for the short side to sit there and watch a near death experience...
i have to believe the imf sales are going to throw some cold water on gold and silver. free markets indeed
hi ho silver and awaaay !!! gosh what a squeeze going on into FND this week spot silver is now over $19 and got as high as $19.25 plus a cent or so in tonights Asian session
I will be happy with $20 for now ... this market sure shakes people around ... but not at the rate of a few yrs ago seems like buyers always "buy the dip" somewhere and we rally back
For those who trade the Comex/Nymex SI large silver contract, margin is (surprise, surprise) going up. Effective tomorrow Thur 2/28 at close of business for normal "non-member" customers: Old -- $6,075 ($1,215 per 1000oz) New -- $6,750 ($1,350 per 1000oz) As to the rate your broker requires, your mileage may vary. If silver remains volatile thru the May contract (an historically strong period) I wouldn't be surprised to see another margin increase. And, as usual, the ZI large silver contract on the eCBOT has considerably lower margin requirements with the trade-offs being liquidity and trading hours. The action is in the SI, but you pay for the privilege.
Take a look at the silver chart and then the gold chart. Silver is leading gold in the diagonal formation and therefore gold is about to completely let loose on the upside imo. 1K is right on its way...
I'm loving these moves, but this is beginning to resemble the parabolic move before a blow off top. There needs to be a correction here and there to keep this healthy. So far I've not seen one.