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Replies: 3,293 / Views: 112,728 |
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Pillar of the Community
 United States
6001 Posts |
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Moderator
 United States
195203 Posts |
Sitting on $80.23, but a new high: $80.77 
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Pillar of the Community
 United States
6001 Posts |
According to APMEX, it just topped $81.
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Moderator
 United States
195203 Posts |
Yes, $81.31 on that site. $80.46 on Kitco. 
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Bedrock of the Community
United States
11963 Posts |
I see $80.40 on the CME front contract. I see another margin hike incoming.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com
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Bedrock of the Community
United States
37000 Posts |
It's getting harder for the banksters to do major smack downs. Even the margin requirement changes are only having a temporary affect now.
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Moderator
 United States
195203 Posts |
Quote: It's getting harder for the banksters to do major smack downs. Even the margin requirement changes are only having a temporary affect now. 
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Pillar of the Community
United States
2689 Posts |
overnight repos, too. again, banks & govts have seemingly infinite ways to manipulate the spot price. they are keeping it where they want it and will continue to do so to their own maximum benefit.
their manipulations may not be having the same effect, but they do still have an effect. will we ever see $90 silver? I don't know. no one else does, either... unless you're a banker at the big banks. spot silver should already be in triple digits like it seems to be everywhere else. based on what we've been seeing, I presume a kill switch will be activated once silver hits a certain level and it'll trigger a sell-off or a paper dump or another overnight repo or any one of a multitude of things to drive the spot price down again, so that we can sit and watch silver inch it's way back up over numerous weeks. the bankers will allow $90 silver when they're ready for it. the markets are only as free as the bankers allow them to be.
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Pillar of the Community
United States
1862 Posts |
Overnight repos are normal for banks around the end of a quarter and especially at the end of the year. I don't think that is holding silver back - a social media falsehood that continues to be echoed.
Now short selling and increasing margin levels, yes this can be used to "control" market pricing. Why is this time different, because industrial users need the silver not a cash settlement.
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Pillar of the Community
 United States
6001 Posts |
For whatever it's worth (from APMEX): 
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Moderator
 United States
195203 Posts |
Kitco at $81.24. The high today is $81.48.
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Bedrock of the Community
United States
11963 Posts |
I see $81.22 on the comex.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com
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Bedrock of the Community
 United States
10601 Posts |
World Market opens - $82.47
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Bedrock of the Community
United States
11963 Posts |
Silver seems to have dropped in the overnight market to $80.48. 
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com
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Pillar of the Community
United States
1315 Posts |
 Silver had a phenomenal day today. It was amazing to watch. When silver hit the intraday high I saw paper traders selling (profit taking) but despite that dip, silver held and bounced back up into the close. Silver finished so strong today that I believe the only thing that kept it from hitting $90 today was the closing bell. Like the referee ending the fight. And even after the bell it continued going up into the extended hours trading and even made a new high in the overnight. But now there's a big red candle on the chart tonight that tanked the price nearly $3 in an hour. So I wouldn't be surprised to hear tomorrow there was another margin hike on silver. Something interesting I heard tonight; if you own silver or even gold right now it's almost statistically impossible that you aren't in the Green, in the profit. Congratulations   
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Replies: 3,293 / Views: 112,728 |
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