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  #1  
Old 11-08-2011, 11:09 AM
Silver bull Silver bull is offline
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Join Date: Jun 2011
Posts: 25
Default CME raise the margin for gold

CME has raised the margin for gold trading by 22%. Will gold prices take a nose dive like how silver reacted to the rise in margins?

Hopefully people will realize that silver is also a precious metal and funds will be diverted into silver.

http://www.reuters.com/article/2011/...7JA55O20110811

What do you guys think will happen?
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  #2  
Old 11-08-2011, 12:48 PM
silvergold silvergold is offline
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likely to happen.... silver market preparing uptrend now
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  #3  
Old 11-08-2011, 07:55 PM
javacoffee javacoffee is offline
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This is a clear sign of manipulation. If 22% cannot drive down the price of gold, they will increase it. It's just a matter of when will they do it. The last time they did that on silver was almost 100% within 2 weeks.

Both on a long term view, gold and silver still have more upside potential than downside. People are losing confidence in the paper currency
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Old 12-08-2011, 10:50 PM
davidchua davidchua is offline
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Default Buy physical gold and silver.

Paper gold and silver (eg Comex, etfs, UOB silver savings ac) has their shortfalls.
They can be created by taping a few buttons on a computer, most will only pay you back in fiat currencies, most of which are depreciating, (Singapore dollar is an exception).

Paper gold and silver can be manipulated. Comex is doing it all the years. Even UOB silver savings ac will pay you nothing if it becomes insolvent.....

Play safe, get the physical. They are the most ideal asset to pass on to the next generation, besides properties.
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