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View Full Version : Comex requires more $$ for margins on shorts and longs again! Twice in wk 4 silver.



Irishfan1
16th November 2010, 17:59
http://www.kitco.com/reports/KitcoNews20101116AS_cme.html
This means the big shorts gotta come up with a lot more cash. Good chance they use the current pullback for short covering.

What is Truth?
16th November 2010, 18:06
Good, I hope they make it cash and carry only.

valerb
17th November 2010, 00:10
The full contract price for Gold is $133,700 and the margin is only $7,250 or 5.4%

The full contract price for Silver is $126,900 and the margin is $9,788 or 7.7%

For Silver to have the same 5.4% margin, it would have to reach $181,000 or a spot price of $36.20

Maybe COMEX is getting ready for the inevitable!!!

valerb
17th November 2010, 00:23
Good, I hope they make it cash and carry only.


Talk about panic selling with a 92.3% margin call, wow!!!!

That would sure put me in a buying mode, as the price of Silver would drop like a rock and I don't think it would stop at $9 this time. The only problem would be, who would be selling in that kind of sell off, other than someone jumping on a long contract up for sale? Then what would the rebound be? That's too much to hope for, I'll settle for the $36.20 spot price.