"Tarnish on silver LAST week's crash in the price of silver is a great lesson in how unforeseen regulatory changes can wreak havoc. While most people have focussed on the high-profile boom in the gold price, it is silver that has been charging ahead at record levels. But in two trading days last week silver dropped a whopping 18 per cent. The reason for the considerable collapse is because the major commodities exchange decided to increase the deposit required for trading silver contracts. Potential regulatory changes like this should be a key factor when assessing any investment. History tells us these changes are more likely in boom conditions as authorities move to take the heat out of market getting out of control." Read more: http://www.news.com.au/money/david-...on/story-fn7kicty-1226052283453#ixzz1LugPaLIg
"History tells us these changes are more likely in boom conditions as authorities move to take the heat out of market getting out of control." l take issue with the word "authorities" - l think he should name and shame the real movers and shakers of this dip. His column/blog is mainstream enough to get the information out there.
Would be cool to see him fight against Alan Kohler, ties off, 3 rounds. I'd put my fiat on Kohler, but keep the silver in my pocket.
