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Silver Is Crashing! Oooh, The Humanity

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Valued Member
Canada
497 Posts
 Posted 05/23/2011  10:18 pm  Show Profile   Bookmark this reply Add west- canuk to your friends list Get a Link to this Reply
Just a thought from someone trying to get a handle on the silver/PM angle in respect to COMEX increasing margin requirements for silver futures. Since this now makes buying futures more expensive/difficult, won't this make physical silver's current price per ounce more realistic and less likely to be manipulated by the likes of financial institutions ?
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/23/2011  11:03 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Financial institutions play with imaginary money, so it won't affect them at all. It affects the little guys, who are required to have real money in their accounts.
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 05/23/2011  11:10 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Since this now makes buying futures more expensive/difficult, won't this make physical silver's current price per ounce more realistic and less likely to be manipulated by the likes of financial institutions ?

Yes, that is possible. One BIG problem with the silver market, though, is that it is the banks and the speculators who run the show. Sometimes, these are one and the same. I don't know what the break-down is among banks, speculators, industry, and private citizens as buyers of silver but suspect that it is the banks and speculators first, industry second, and citizens last... and probably by wide margins.

There have been many complaints out there by people who supposedly know what they are talking about that the silver market is prone to manipulation. I don't know whether or not that has occurred but suspect that it has. Some of these people have complained about this to the US federal government but have not received any action on it about which I have heard. Is it possible that the feds are in bed with the banks and with the banks being one of the BIG players in this market have prevailed upon their government stooges to do their bidding while they continue to loot and pillage the silver market? Heaven forbid!
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