Silver Crashes, Gold slides, Dollar bounce, CME increases margins

The silver market has crashed from its near all of $50 an ounce. Silver has made a bull run from August of 2010 to April 2011. In that time frame silver has went form $18 to $50 silver.The CME raised margin requirements and the cost of a contract going forward will be $21,600 by doing so the drove all small speculators out of the silver market. This is a forced consolidation ,a temporary pull-back but a great opportunity to by physical and hold it for the long run




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : the CME drove all the small speculators out of the Silver market

Bob Chapman - American Freedom Radio - 05-05-2011

Bob Chapman : The American administration The CIA the military are the laughing stock of the world I mean you should hear the comments that I hear from people all over the world either by email or from programs that I am on , it's a disgrace says Bob Chapman of the International Forecaster , how could anybody in his right mind buy american treasuries or agency securities and they are not , the FED is buying 80 percent of them , what's going on right now in the commodity market is an absolute disgrace the whole thing is rigged , what they did three days ago they raised the margin requirement on silver , they drove all the small speculators out of the market

Mexico confirms Gold record purchase of 100 tonnes paid 4.4 bln dollars

The Banco de Mexico, confirmed yesterday Gold record purchase of 100 tonnes paid 4.4 bln dollars said in a statement it had bought in recent months , This represents about 4% of the world gold reserves , it is stated in the note pointing out that the deal''is part of the institution in the usual political issue with respect to investments and the diversification of assets.''According to the IMF, Mexico has purchased the gold by spending at least $ 4.3 billion.