Midnight to 6am - Overnight Spot Watchers Spot...

I watch "Hello dear friends.....my name is Clive Thompson", one cos he seems to have been around the finance block a few dozen times, and he's also not AI.

Interesting chart he's showing from the today's open in Shanghai...USD92 odd in Shanghai.

1768197871800.webp
 
Shaddam IV said:
I think that we are about to sail off the map and into the part of the chart that is blank except for a notation that’s reads “Here be Monsters”.
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Aye.. they is not monsters, jus' old crok-rok grown his first set of wings...
file-Epf1cqb5ZNkqmjL1zSgMsx.webp
Ive been searching the map at those "here be dragons" and "here be the cuban cigars" locations but alas, I has not seen him since the battle of burg 27 circa 2016.
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If ya see him in the wild, yell, wave, and send him my regards..

He allways loved chasin' down the slow rats and death-rolling them under the ships bilgewater.

He shall be remembered.
 
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SolidSilver said:
The Hunt brother wanted to invest heavily in silver back then. Market rules change cause the collapse of silver price then.

Hope they don't change the rule this time.
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Interestingly the CME just increased their lease rates yet again, I think that's the 3rd time in 12 months?
They change the rules whenever they want.
 
There was two times at end of December last year when CME change margin rate. When most are on their Xmas/newyear holiday. Margin rate is about twice that of when the Hunt brothers went all in silver iirc.

JPMorgan funds 8 billion USD smelter plant hours after US seizes Venezuela metal wealth.... nothing fishy.
 
The
JohnnyBravo300 said:
If the Hunts made silver rise so much, what made gold go up?
No one was buying gold.

I dont think I believe that story. Just patsys.
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Gold and silver are viewed as sound money. They tend to affect one another. If you have a different view, please share your reasoning too.

Never to late to learn or adjust perception if it make more sense.
 
SolidSilver said:
The Hunt brother wanted to invest heavily in silver back then. Market rules change cause the collapse of silver price then.

Hope they don't change the rule this time.
Click to expand...
At that time, one of my clients was working in the accounting department of the Hunt Brothers. She later told me that she always wondered why they were taking out 16-17% loans from the Saudis. It was the loans that did them in. Totally different conditions compared to now. Annual supply deficits, worldwide participation, especially in the East and weaker global supply chains = the need for manufacturers to stockpile silver.
 
braz said:
Interestingly the CME just increased their lease rates yet again, I think that's the 3rd time in 12 months?
They change the rules whenever they want.
Click to expand...
Good pickup... and actually, they DID just change the rules themselves:

Under the new framework, gold margins will be set at 5%, while silver margins will rise to 9%, with similar percentage-based calculations applied to platinum and palladium.

Roughly 11:1 for silver and 20:1 for gold.
Silver contracts for 5000oz were previously "Manually set" and then updated periodicly.
(You can check/audit historic specific code margin levels here:

IMO, having a dependancy on CME to manually raise a margin change on the cost to open a short/long position if the price increases at a fast rate, is a dependancy subject to ambiguous (and subject to manipulative market movements) incentivising shorting to keep the price below particular limits that might trigger a margin increase.

IMO this is a good move.
It also acts to prevent manipulated longs from blowing the price up to blow of top levels where implementation of required changes to margins becomes the trigger "news" that causes the volitile exit moves.
 
Oddjob said:
I watch "Hello dear friends.....my name is Clive Thompson", one cos he seems to have been around the finance block a few dozen times, and he's also not AI.

Interesting chart he's showing from the today's open in Shanghai...USD92 odd in Shanghai.

View attachment 98938
Click to expand...

Azure said:
Good pickup... and actually, they DID just change the rules themselves:

Under the new framework, gold margins will be set at 5%, while silver margins will rise to 9%, with similar percentage-based calculations applied to platinum and palladium.

Roughly 11:1 for silver and 20:1 for gold.
Silver contracts for 5000oz were previously "Manually set" and then updated periodicly.
(You can check/audit historic specific code margin levels here:

IMO, having a dependancy on CME to manually raise a margin change on the cost to open a short/long position if the price increases at a fast rate, is a dependancy subject to ambiguous (and subject to manipulative market movements) incentivising shorting to keep the price below particular limits that might trigger a margin increase.

IMO this is a good move.
It also acts to prevent manipulated longs from blowing the price up to blow of top levels where implementation of required changes to margins becomes the trigger "news" that causes the volitile exit moves.
Click to expand...
Some how, the price just keeps rising, after each hit. It's beholding to watch!
 
veryugly said:

Fei Yen gives an insight what the real prices are like in China compare to Comex
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Seemed like good honest commentary.

How nice were some of those bars!
Classic how he needs to go back at some point because his order couldn't be filled. Would never have happened 12 months ago over there.
Must be some serious private buying action going on over there.
Surely they had restocked since the October squeeze arbitration sales.

What does a flight to London cost these days ...
 
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