Posted: 8/23/2012 7:44:52 AM EDT
| Past $30 this morning. Anybody know what's up? |
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The last time the price was flat this long it was because of purchase margin requirements. Where the board sets how much you have to buy at a time? When that number is low investors can dabble and as that minimum purchase quantity/money requirement rises less investors want to have that big of a risk in a buy. I think that was the way a commodity trader described it to me.
I think it sounds anti-free market and very manipulative. I am not surprised. If anyone else can confirm or deny this please do.... |
| For speculators in the benchmark 5,000-ounce silver futures contract, the exchange is raising initial margin requirements, or the deposit required to purchase a contract, to $14,513 per contract, up from $12,825. Maintenance margin requirements, or the additional capital needed to keep the contract overnight, will increase to $10,750, from $9,500.” |
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I dunno how much of a bargain it is, or how much of a gain it's making..... Silver was $30.00/toz. on January 1st 2011. That is a nice historical note, thanks. Just pointing out that going from $30 to $26 back to $30 over a 20 month period Does not seem to indicate much..... To me, anyway. YMMV 
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I dunno how much of a bargain it is, or how much of a gain it's making..... Silver was $30.00/toz. on January 1st 2011. That is a nice historical note, thanks. Just pointing out that going from $30 to $26 back to $30 over a 20 month period Does not seem to indicate much..... To me, anyway. YMMV To me it indicated I've had a couple opportunities to buy at $26, which I of course did.
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Bought a good chunk of SLV ETF at $26 and put a little money in rounds and Eagles at $28 and was negotiating with a collector though a middleman on a about 40 collective rounds that I really really wanted. When the price started inching up I think the guy decided to just hold on to what he had. Wasted that time when I should have just been buying more Eagles. now it's inching back up. |
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I dunno how much of a bargain it is, or how much of a gain it's making..... Silver was $30.00/toz. on January 1st 2011. That is a nice historical note, thanks. Just pointing out that going from $30 to $26 back to $30 over a 20 month period Does not seem to indicate much..... To me, anyway. YMMV Well, I've watched for a while and things have been flat, but I saw the move underway and didn't see anything in the news that would explain it. I'm guessing it's the possible QE also, but I've gotten used to the lack of movement.. |