..... Silver analyst Ted Butler "The decline in silver has been brutal and fear-inspiring. Let me try to dissect it and put it into the proper perspective.The current takedown has been a typical COMEX-generated production. In little more than ten minutes in the absolute least liquid trading time possible, light COMEX predatory trading took the market down almost 13%. That takedown resulted in the continuing follow-through to the downside. I'm told the CFTC is looking into that trading, but then again, they have been looking into the silver manipulation forever. (Note to CFTC: time to stop looking and start doing.) While extreme, this COMEX price smash is remarkably similar to previous silver smashes where the commercials sold small amounts of contracts in order to start an avalanche to the downside, so that the commercials could buy at distressed price levels afterward." "Also similar, is the general misunderstanding by the world at large of what actually occurred in these price smashes. That's because the world at large does not and cannot recognize that the silver market is manipulated. So when these price smashes occur, the world invents reasons for them other than the simple truth of a COMEX-induced manipulation."
i believe this is more than just the silver market being manipulated. Oil is down by 10% too and most other commodities, this manipulation isnt exclusive to silver. i believe that current prices of commodities are reflecting a new monetary/fiscal policy. MONEY HAS CHANGED PHASE AGAIN. its kinda strange silver hit its all time high and than fell by $15 in a week ! - but if you check most other commodities they also experienced large drops in their spot prices - its as if margin requirements have been increased on all of these other commodities too ?! welcome to GFC II boys & gals - margin requirements will be lifted - the world economy is currently being deflated...
By the same token, The world at large knows just about every other market in their lives (petrol, milk, interest rates etc) is manipulated..and what do they do about it?
Hi Guys Can someone explain, apart from the COMEX hike in margin which I understand, how else is JPM forcing the price of silver down? As far as I can gather, JPM is already knee deep in sold contracts, but how is it manipulating the price further down? Is it selling even more contracts or is this fall purely a result of the margin hike? But then it needs to buy them all back before delivery is due? I'm a bit confused on how all this is working.
Manipulated when it goes down 20%, and pure demand and fundamentals when it triples in price over 18 months. yeah your a real trader. sounds like days of our lives you conspiracy theorists. how about realiszing leverage and masses of idiots buying the stuff caused the spike. and people shorting the mania phase, aka fools phase like me brought it back down. geez, for aussies sake get a grip.
So... 49 to 35 is 20%?! Anyway it doesn't take a conspiracy silver nut to see that COMEX is manipulating the market right now with the margins.
do you really think governing bodies are going to sit idly by and watch commodity assets go absolutely nuts in price, with people leveraging to the hilt to make that exponentially worse? I hope they abolish margins, then watch your silver run be like bank deposits. You cry happy one way and cry the next. lol great entertainment here
So why aren't COMEX lowering the margin rates again instead of raising them higher as the spot price falls? Ya would think that if they can raise them so fast the same should work in reverse.
uhh no, you will see this happen when silver returns to normal levels. not when it is still way above historical trends. Cry all the fundamentals you like. How about we re introduce sub prime lending so all the us idiots can buy houses again thinking they will double every 5 years, and ratings agency's say they are awsome investment, so we can inflate real estate like silver, lol
So I guess that means it is manipulated , and that Comex get to decide the correct price instead of the market then ?
Inflate like silver? come on bigben its been the same price for years until recently when its had a run .Gold has kept going up year after year with most commodities but silver cant ? does it need to stay at 1980s value like a relic from the past.with all its uses & intrinsic value ? oh man do you work for comex?
haha nah dont work for comex. Just trade against the herd, more of a contrarian speculator with stuff like this, although also step back and take a look at the big pciture, no news reading, no investment gurus, just, is this tangible, worth this much? And at 35-50$, its a big no. huge no. only been at this forum a week and im blown away by the mania, absolutely blown away.
Are the "governing bodies" that you mention from the same administration that has jailed not one person from Wall St. apart from Madoff over the collapse of the US economy, the US housing market, all of the illegal home re-posessions and all of the transparently fraudulent banking and ETS scandal, and all of the fraud that continues there every day? Yes, I thing that the governing bodies do exactly that.
lets go ahead and jail tens of millions of American home owners who all re-mortgaged theyre homes to buy crap, knowing they would not be able to afford repayments, beleiving theyre home would only go up, up and up, when it all comes crashing down, they want blood, PEOPLE NEED TO HAVE RESPONSIBILITY GREED IS THE CAUSE It was everyones fault. scapegoats shmapegoats, personal responsibility is so important. If the same thing happens here i will laugh in teh face of first time home owners who got 450k loans on 80k combined incomes and cant pay 85 interest. im so sick of greed and people expecting to make millions.
In 1929 people killed themselves, because they borrowed beyong theyre means as year after year the market went up, up and up, quadtrippling in value. then it comes down and they want speculators to die. Same in 1987 same nowsame in future same in ancient time
So when the banks courted people with no job and no home and offered them a home loan the banks had no culpability? When the banks foreclose on homes because they make more from the loan protection insurance payout than if they let the owners continue to pay their mortgage they are blameless? When a bank forges a signature on a re-posession document and the "governing bodies" do nothing is that honest? When the banks knowingly packaged junk loans and sold them internationally as AAA rated are they acting honestly? When a lawyer bills for having examined 14000 mortgage re-posession documents in one month and the "governing bodies" do nothing do you still have faith in their integrity?
