At the last closure of the markets silver just stopped dead. It never used to, it used to change price quiet a bit over the weekends. Why has silver stopped moving ? Is it because last Friday was the 15th July The day silver was supposed to be stopped trading on the market in America. Well that's what I read sometime back. And if this is the case. Then I ask. Why did they do this. What is there point in taking silver off the trading market. What are they trying to accomplish by this act .??????
Silver price is always fixed over the weekend after the market closes on Friday. It always has. ie. no trades are done over the weekend because all the exchanges are closed.
Their point is they want to stop people from buying physical metals so that nobody will find out the real truth about what is left in the vaults of the likes of JPMorgan or for that matter, the US treasusry. mmm nasa, U know. regards Maggie
Actually, Friday 15 July was the last day ever for buying/selling/trading silver. From now on, "All Your Silver Are Belong To The Government" or, as fishball said....
Like you said, this may have something to do with it http://forums.silverstackers.com/to...r-to-be-illegal-beginning-july-15th-2011.html
It's just an illusion created by the temporal occlusion in data processing that occurs during the suspension of market activity. i.e. The quiet weekends just give you the oppourtunity to think about what's happened through the week, an oppourtunity you don't get in the weekly market where things keep changing. The market hasn't changed, it's just the way you're looking at it. Everything will be fine until silver passes $40, the point that the bankers signalled they're not comfortable silver passing. Past that threshold, leveraged speculators will be nervous about revised margin requirements.
I am confused. I thought Frank-Dodd went into effect in July 2010. What exactly happened last Friday July, 15 2011?
You mean in the past I just imagined I have seen silver price changing over the weekend. That could be so because I have been having plenty trouble with my memory of late. I have been suffering from CRAFT for a number of years now. Can't remember a ---- thing. Dose this mean when I open up on Monday silver will have disappeared from my forex charts. I hope not because I like to use them to keep track of what is happening with silver. I still don't get it because you can still buy physical silver it is only trading on the market they have stopped. If they were worried about not really having silver they would stop you buying physical. They don't have to supply paper silver that is traded on the market. ????
are you sure you just werent looking on a saturday when in other places of the world the markets are still open because its friday?
Well I dont know whats going on. Here it is the 18th July. And silver is still ticking away on my forex chart.
