How do you know when its a crash?

1984ReturnsForReal_2

Women_Love_Silver_Men_Cos_They're_Cheap

FTBFun

"If You Bought Silver in Early 2011 You'd Be Proper !!!!ed" isn't quite as catchy a thread title though.

HAMISH_MCTAVISH

The really funny part is it's not just 20% + now....

If you bought physical silver last week you'd have paid spot price PLUS 20% VAT..... And you'd struggle to sell it back to a dealer for more than 90% of spot.

Anyone buying physical last week could be down close to 50% today.....

LisbonLaura

HAMISH_MCTAVISH wrote: »

Anyone buying physical last week could be down close to 50% today.....

It could be even higher than that shortly.

HM, may I correct you? Not everyone buying & selling silver pays VAT.

Private investors buying silver in the UK usually pay VAT sales tax at 20%. But BullionVault users are fully exempted, because BullionVault is a member of the wholesale market's professional trade body, the London Bullion Market Association...

http://silver.bullionvault.com/

chewmylegoff

ah but none of you understand, this is the "paper price". the price of bullion will go up. this is the beginning of the "great silver disconnect", and has been caused because people have suddenly realised that there are 464,343,488,505,225,567,543,466 "paper" ounces of silver out there, but only 4 silver eagles left. therefore i'll be able to sell my tube of silver eagles for £10,000 a coin on ebay. suckers.

chewmylegoff

bendix wrote: »

is it wrong to take glee in the obvious discomfort jpmorgue and padington et al are obviously feeling right now?

the trouble is, it is only going to get worse as we are now going to be inundated with nonsense about manipulation of the price of silver for weeks to come.

System

Ooh excellent, we can also make idiotic comparisons with the boom sentiment graph.



Omg it's the same it's going to crash another 400%!!!!one

Naturally I have no idea what's going to happen but it is customary to make this post.

chewmylegoff

does anyone know if the general public are buying yet?

Loopgames

chewmylegoff wrote: »

does anyone know if the general public are buying yet?

I don't think you'd be asking that if they were.

purch

Generali wrote: »

COMEX only put up the margin on silver futures. It's gone up from about $14,000 a contract to $17,000. A year ago the initial margin was about $5,000 a contract.

The reason will be that they fear that a big drop in prices will wipe out margins leaving counterparties with a loss that can't be covered. COMEX's job is to maintain an orderly market. This is a part of that IMO.

Other than the 109 other contracts that the CME changed the margin requirements for last week, SI was the only one

......but it was the only Metals Contract to be changed.

For example Ethanol Futures (EH) had a margin hike of 30%.

But yes, the reason the margin changes is entirely due to the increased/decreased volatility in individual markets, and the number of contracts outstanding. There is no hidden motive, and if there was I am sure that the "conspirators" would have found a less public way to undertake their "manipulation".