Silver bouncing back up despite the CME's jacking up margin requirements

Silver rapidly bouncing right back up despite the CME's raising margin requirements * 5x in 8 trading days *, thus, forcing a lot of leveraged *paper* silver out of their positions, and, I'm sure it scared out some physical silver positions as well.

But for those of us who were not fooled. All this was, was just a discount opportunity. I mentioned earlier this pullback was only as a result of all the paper trading and manipulation occurring in the PM markets currently, and, that it will have NO affect on the up trend. The PM market still has a long way to go before we see a real trend reversal.

As you can see from this daily candle chart. It found bottom at a previous support/resistance level and is now rapidly bouncing back.

The wealthy that move the markets are laughing at the notion of using limits to try and slow them down from making a fortune.

panicked and sold.

It's disgusting. The manipulation and greed
and total disregard for those less fortunate.

BHN

i'd suspect you of yanking the OP's chain...

i didn't see the other thread but i hope the price of silver gets down and stays down before it's too late to save the livelihood of the artists, artisans, craftworkers, wiccans, and so on who worked in silver to get a bare living

they can raise their prices to cover material costs and then nobody buys

a lot of good people are getting hurt by these high prices

the wealthy are fine whether silver is $5 an ounce or $50 an ounce, they don't use, wear, or work silver

These high prices are as a result of monetary inflation. A lot of little guys/gals are aware of this and are smart to protect their hard earned wealth being transfered to the big wall street bankers by not holding cash, but, rather, holding physical PM's.. I don't see nothing wrong with that. And it certainly isn't the cause of the high prices we're seeing in food, gasoline, etc, etc.

Holding cash right now only transfers your hard earned wealth to the big bankers. Protecting against that certainly isn't un-Democratic.

Tell you the truth, that thread a few days ago disturbed me.
Why would people rejoice over other people losing asset values?

Seems sort of vicious, doesn't it?

BHN

It can certainly be a roller coaster ride, especially since the government and big banks hate gold & silver.

And I agree, it disturbed me as well to see some people rejoicing over other people losing asset values. Of course I can see rejoicing the big market manipulators losing, but, not us little guys/gals. All we're doing is trying to hold on to the wealth we worked hard for and not see it evaporate away due to all this inflation.

I look at this market's fundamentals and try not to let the paper manipulations bother me. It makes the pain of the volatility always seen in this market easier to endure since I don't invest in the paper end of it.