Friday, August 22, 2014
http://harveyorgan.blogspot.com/
august 22/no changes in silver inventory at SLV/No changes in gold GLD inventories/gold advances/silver falls a bit/Silver OI climbs again despite silver's fall yesterday
Gold closed down $4.90 at $1278.60 (comex to comex closing time ). Silver was down 3 cents at $19.36
In the access market tonight at 5:15 pm
gold: $1281.00
silver: $19.44
GLD: today no change in gold inventory at the GLD (tonnage now 800.08 tonnes).
SLV : no change in silver inventory at the SLV/now 330.281 million oz
Today's big physical news:
The lowering of silver margins with its record high OI?
Ladies and Gentlemen: get ready for another attack on Monday!!
(courtesy CME)
The CME lowers margins on gold and silver- AGAIN. The new margins now give gold 25.30-1 leverage and silver 13.64-1, based on the current contract prices. Yet another bizarro deal. Why lower silver margin while it sits at RECORD high O.I? It still has paltry leverage however compared to gold or nearly any other commodity. It feels very ominous as these things virtually never work in spec longs favor. Curious timing too, coming exactly on the eve of Sep. silver op. ex. and FND.
Gold/Silver trading:
not much to talk about today, just your usual manipulation/raid.
Gold and Silver Margins lowered
Started by
tomterrific14
, Aug 22 2014 11:31 PM
No replies to this topic