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i think this is only temporary. when they finish covering their margin calls i would think it would return to normal trading. i still have a small position in zsl even having been hammered twice as hard these past couple days. i am having a hard time finding anyone with anything bullish to say about silver short term, almost all the charts call for further pressure on the price of silver. holding the rest of funds to see which way this market breaks
margin calls? i have just noticed on my scotttrade page that they have raised the margin requirements for both AGQ and ZSL on MAY 6th. is this the reason for the odd pricing of AGQ and ZSL the last couple of days? whoa, who would buy these funds on margin, like 200% leverage isn't enough. shaking the weak hands out of ZSL, as the price has been way off base the past two days. yesterday i noticed that AGQ was up more that the 200% early in the day but than settled down to more of the normal pricing.
oh my, is this the reason for the odd moves in both ZSL and AGQ. my scottrade margin notifications says that scottrade raised the margin requirements for both ZSL and AGQ a week ago on MAY 6th.
HMMMMMMMM, inquiring minds want to know. how on earth could anyone buy these funds on margin? 200% leverage isn't enough?
whoa!!!!!
dakotaben...that is what i am thinking. sheer weight of selling or buying driving price over the 200% marker. i noticed when in AGQ that on many up days the fund would be up slightly more than the 200%...say 203 or 204% for the day. that seems reasonable, but to move double at 400% and not 200% is way off base.
i understand giff. however this is down almost 400% for the day. the day before was almost as bad. i thinking it has to do with shear volume of buying and selling crushing the controls set up to achieve a 200% return. AGQ was up more than 200% for a long time yesterday but than calmed down to a more normal pricing pattern.
high volatility now magnifies the agq fund in the opposite direction...silver up 2.50% agq up 5.0%. i have read just as many articles that state decay is not an issue as say it is. maybe the powers to be created more problems with their manipulation of margin rates and support of stock markets and indexes that now people and funds are over reacting....hence driving the prices higher and lower than should be!!!! AGQ now has decay in the wrong direction....premium?????
unbelievable...silver is up .30% and zsl is down almost 7%
ZSL now trading lower than AGQ on a percent loss. now that has flipped agq -5.45% zsl -4.75%. DO I BUY THIS DIP ON TRY TO MAKE EXTRA WHEN IT GOES TO NORMAL?????? that would be about a 5% difference in price!
i think we are in a race to see which fund loses more today, agq or zsl?????
wtf...we should be about 3% up at this point...but we are down 2.50%? what is going on????
and you read that signal to mean $10 silver???????? well if it does i'm going to a very wealthy person with by buys of zsl the past two days!!!!!
the exchanges' "money"....how so? "we little guys" who talks like that except someone looking down their nose at someone? so let me get this right, we little folk have no business being in the market and using the exchanges "money". now i have heard that in the oil market some very large corporations use it to hedge their fuel costs...such as southwest airlines. so large companies are using the silver market to hedge their cost, right, so just how much are the little folks a piece of the pie...what with complete countries buying in such as china and india and russia? please do explain the concept of the "exchanges money" please.
the only classic bubble is the nonstop printing of money by the fed. all assets are in a bubble, mostly with everyday purchases such as food and gas. every commodity is in a bubble, so the fed is now got their back to the wall with inflation in a bubble. that is why we have a correction in the silver market...manipulation plane and simple. smack downs on no volume by groups who have the looking glass, to see stop loss positions that can be triggered at their will. i have never heard such nonsense about $10 silver and maybe it could be $20. someone must be real busy hitting the oil boards, the copper boards, along with wheat, porkbellies, gold, rice, sugar, coffee and orange juice. it is a bubble world we live in!
eddyimano, that all may be true, however i don't due options. buying the 2x silver funds is a wild enough ride. just trying to play the charts and go with the flow. the big boys right now have pulled the german 88mm guns out of mothballs and are firing point blank at the silver price, just going with the flow. i am a firm believer in silver and honest money, always have been. and as i have stated this is the first time i have tried to make money on a correction in any market.
on the silver chart the lower band on the bollinger band indicator is $37.28....my gut says if we break that it will probably get very ugly. just my guess
well i am no expert. i now see where are back to where i bought in early march. glad i sold and took some profits. took those profits and bought the inverse fund zsl. never have done that before...looks like the right move "so far".
montanore...did you see their next post at 0hedge...the anouncement says they are raising the margin twice, may 5th and may 9th.
haven't a clue, i just follow 4 or 5 web sites to stay ahead as much as possible and keep from losing my shirt. i'm going to look into doubling up on my zsl purchase today, in the morning. anyone notice that whenever anything like this happened before the asian market would move the price higher overnite? now it looks like they have stepped off to the side for now and letting the freight train pass.
zerohedge is now reporting that the boys over at the CME [crime mob exchange] have raised the margin on silver another 17% today. that is 4 increases in 8 days!
i think that takes the increases to over 40% now.
EDIT: zerohedge now says the hikes come to 5, not four. the last two are may 5th and another one on may 9th....wowzer
zerohedge reporting that the CME [crime mob exchange] has raised the margin on silver again. 17% increase making this the fourth increase in 8 days. i think this takes the hikes over 40% now.
EDIT: zerohedge now says the hikes come to 5 not 4! the hikes are for may 5th and another one on may 9th...wowzer!
question: why is zsl lagging in price performance by about 2%?????
took profits from agq sale and bought some zsl this morning. never done that before, will see how this plays out.
i sold my position today also. will watch and wait for the turn up. when it broke the 20 dma this morning i sold, am watching for a bounce off the lower band of the bollinger bands.
cme raises margins on silver for the third time in 7 days, the reason for the smack down today. last two had no effect...will this one?
gold getting smacked at the same time...in the exact same way
treasury anounces it will now only need half of the projected funds for april to june. timmy says that payments to states will be cut if debt ceiling not raised. dollar down, treasury playing games with the debt and silver smacked down again? unbelievable
another take down after nymex closes....more thin volume manipulation...dollar still down. big boys hammering it right now!
what is the half life of major manipulation? a few hours now? all this is doing is reseting the charts for the next leg up over $50
lets see what happens when the chinese markets open????
now gold getting hammered down $20.00
gold taken down at the exact same time, not a much as silver
xero90....looks like the death of a country in that chart, inflation is only starting, going to get much worse before better, sad very sad
turd is great...also like jessie at his cafe and jim willie, along with the zero hedge boys and girls, great places for learning what the bad boys are upto.
yep, sure did. however silver has had a great run for a while now. let it take a little breather...as long as gold rises we know we are on the right path...silver will play catchup.
agreed....the course is set. even if these nimrods stop destroying the dollar now, it is too late, far too much money sloshing around...far too much.
reason for the swoon in the price of silver today, CME raised margin requirements again today by 10%, on top of the raise on monday of 9%. half life of the effect of margin hikes now down to two hours. just my gut feeling, but i sense that everytime they do this, just draws more attention to silver. tuesdays bear raid was nothing and had a half life of one day. yesterdays action was great with the bernanke speaking, silver and gold take off with every word out of his mouth. the bernanke and the cme and comex are losing control.
the backwardation on silver doubles overnight.....according to a well respected website. once $50 taken out...blue skies above. how much resistence will there be at $50.00, or does silver blow thru that like all the resistence levels the past few months? the half life of the hammer down on option expiry is now less than 24 hours.
understood...someday every miner will be lifted off the launch pad. have noted also that all the miners are lagging the movement in the metals...but their day will come
time 19:44 hour...still trading up now at aprox: $369.50 a share
silver up aprox: 93 cents more
Montanore...does ussif have earnings to report? are they mining product now? thanks for the info in advance