CME’s Latest 17% Margin Hike An Attempt to Continue the Carnage into Next Week

May 6, 2011 By 2 Comments

We said earlier that it appears the cartel is intent on pile driving silver under $30.  As if last Thursday’s margin hike of 8%, or last Friday’s after hours margin hike of 9%, or even Monday’s hike of 11% was not enough, the CME announces the 4th (and 5th) margin hikes in 2 parts! An additional 17% hike! Talk about beating a dead horse! By splitting the margin hikes into today and Monday, the cartel is attempting to circumvent an overdue bounce in silver come Monday.

The cartel knows the weekend will allow traders to regain some of their emotions, re-evaluate the silver market, and decide that silver can now be obtained at an excellent value.  The cartel obviously wants to prevent this at all costs. Announcing a 5th margin hike come Monday is intentionally aimed at keeping Blythe’s foot squarely on the necks of the silver longs, with the hopes of continuing the sell-off into next week.
This is now personal.  Our gloves are coming off.

CME Silver


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Comments

  1. Anonymous says:
    May 6, 2011 at 2:03 AM

    Lets take the CME down with The Morgue!

  2. George says:
    May 6, 2011 at 2:46 AM

    People buy and sell real Silver at BullionVault and Goldmoney. The price follows the spot price. When I see the price at BullionVault completely out of sync with the "paper" price I will know that the end of Comex and possibly JPM is nigh.

    Until then everything else is just noise and propaganda

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