donatella,
From what I’ve read,
they increased the collateral required
because they want to pound tamp down the silver market.
No use though.
As long as the policy is for a weak dollar,
everyone and their grandmother will be looking for
a hedge.
And all these retail investors who went out and actually bough physical silver “for the long term” are going to have a hard time selling it and are going to get hosed.
There’s a reason that silver is called “the poor man’s gold.”
The reason for the sharp drop in silver is simple. The exchange ratcheted up the collateral needed per contract to 16,500 dollars for one contract. After spiking like that (138% in 4 months), we are entering the twilight zone and the exchange increased margin. It is only 6% of the value (commodity futures are HIGHLY leveraged) but it is enough to spur long liquidation.
I watched two Spanish speaking movies on Netflix this week:
“Los Secretos de sus Ojos”. About a retired Argentinean detective trying to solve an old murder and fix up his life, great.
And a GREAT travelogue of Cuba. “Honey for Oshun” It the story of a Miami professor who goes back to Cuba to find his mother from whom he was separated when his father took him to the US. The circumstances were always sketchy and he goes back, finds his cousin (and a crazy driver) and they take off for a road trip through Cuba to find the mother. Great preview of my Cuba trip – terrific scenes in contemporary Havana and the country side.
I don’t care for gold, I only ever buy silver jewelry, but not for ‘investment’ purposes.
donatella,
From what I’ve read,
they increased the collateral required
because they want to pound tamp down the silver market.
No use though.
As long as the policy is for a weak dollar,
everyone and their grandmother will be looking for
a hedge.
And all these retail investors who went out and actually bough physical silver “for the long term” are going to have a hard time selling it and are going to get hosed.
There’s a reason that silver is called “the poor man’s gold.”
The reason for the sharp drop in silver is simple. The exchange ratcheted up the collateral needed per contract to 16,500 dollars for one contract. After spiking like that (138% in 4 months), we are entering the twilight zone and the exchange increased margin. It is only 6% of the value (commodity futures are HIGHLY leveraged) but it is enough to spur long liquidation.
where is rob?
If someone told me there would be a ton of posts about maids in the OT, I would have suspected the comments would have been more Raunch Houresque.
cheese puffs
I watched two Spanish speaking movies on Netflix this week:
“Los Secretos de sus Ojos”. About a retired Argentinean detective trying to solve an old murder and fix up his life, great.
And a GREAT travelogue of Cuba. “Honey for Oshun” It the story of a Miami professor who goes back to Cuba to find his mother from whom he was separated when his father took him to the US. The circumstances were always sketchy and he goes back, finds his cousin (and a crazy driver) and they take off for a road trip through Cuba to find the mother. Great preview of my Cuba trip – terrific scenes in contemporary Havana and the country side.
How can friggin cheese balls be on backorder through WB Mason???
Are some of the parts made in Japan or something????