$ Silver $

hi daddyeaux

can you post a link to a daily or weekly chart
of silver prices either cash or comex futures

from 1979-1980 or 1980- 1981 ?

I have an old CRB yrbook with silver prices
in it showing the move from 69-79 but not longer

(maybe I will look on internet to buy a CRB yrbook
with prices from 79-89 )

:p
 
Quote from SethArb:

just saw this headline ...on the wires ...

-NYMEX to change margins for silver, copper futures contracts-
-Washington (Platts)--18Apr2006-

-The New York Mercantile Exchange on Tuesday announced margin changes for
its silver and copper futures contracts, beginning at the close of business on Wednesday.-

-Margins for the silver futures contract will increase to $3,750 from $3,250 for clearing and non-clearing members
and to $5,063 from $4,388 for customers-

ok ... maybe this is a good enough reason for the silver market to pause its parabolic climb
More...

They just did that I thought...several times before.

http://news.goldseek.com/GoldSeek/1144943518.php
 
"“There has been some talk of late about recent raises of the silver margin requirements – two in April already. Most of the talk centers around the authorities raising the margins to hurt the longs. I see it differently.

The initial margin for silver will rise to $3,150 on Monday from $2430. The maintenance requirement rises from $1,800 to $2,600.

This means if silver moves more than 50 cents in a single trading session on the Comex, a position can go into deficit. Silver can easily move $1 in a day now. Thus, these margin requirements are TOO LOW the way I see it.

Now, if they do something stupid, like raising the requirements to 50% of the contract value, that would be a different story. But, I can't see them doing that, not at the present time.”

"
 
the COMEX can do whatever it chooses, and based on market conditions, it sets the rules......

the Volker lead Fed. stepped in during the last great Hunt Brothers hayride............
 
say what?, copper has gone into backwardation even as LME inventory rose by 100,000 tons....

silver usage is 400 million oz. per year give or take, so there is a chance of a physical short squeeze since China is an unknown player of dubious trading style............

Quote from 2gtt:

when gold and silver were running up in 1979 and 1980, i think the market was always in contango.

metals like copper are "consumed", and are not considered a "store of value" like gold and silver.

if silver is suddenly found to be usable in homes, cars, and appliances in mass quantities, then it is more likely to go backward.

Edward Kim
2GTT, LLC
More...
 
simply amazing parabolic move in silver.

i've been trading it from the short side very nimbly with not so bad results. made about 11K in it today.

covered my last short at 14.20 though. wondering if i should have held on. let's see what happens.
 
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