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The Silver Manipulation Continues! Damn Thieves!
Published : November 17th, 2012
490 words - Reading time : 1 - 1 minutes
( 4 votes, 2/5 ) Print article
 
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Those damn manipulators at the CME group!!! In what appears to be a blatant attempt to manipulate the price of silver higher, the CME Group has lowered margin requirements for silver. How dare they try to manipulate the price of silver up at a time when the market looked like it was going to go down! Thieves I tell you! Thieves!

At a time when silver looked like it was going to roll over and die, the CME group decided to step in to try to stop the carnage by lowering margin requirements. This is surely to anger the perma-bear camp who has been lobbying for years that the CME Group is aiding and abetting the big banks by trying to make sure the price of silver doesn’t fall! This news clearly supports the logic that by making silver futures more easily tradable, the price should go up thereby validating the perma-bear argument that the CME group is controlling the price of silver with the banks by creating a floor underneath the price. Those crooks! This news is surely to anger those that have taken the stance that the big banks are in cahoots with the CME group to ensure that silver cannot be traded freely because the CME group is making it too easy to trade. This reduction of margin might be what it takes for silver to climb out if its autumn doldrums which will anger the perma-bear camp even more and offer some validity to their meme.

All sarcasm aside, look around the internet to see if any of the perma-bull sites who in reality have argued that margin hikes were implemented at key moments in time to stop the rise in the price of the metal are now arguing against this latest move by the CME Group. I’ll bet you won’t find any perma-bull complaining about these margin limit decreases or trying to scream manipulation… because it doesn’t fit their meme. You see, the reality is, that margin requirements weren’t increased because of any conspiracy to supress the price of silver. Margin requirements were increased because there was rampant speculation in silver futures trading. One look at the chart between September of 2010 to April of 2011 will tell you all you need to know about why the CME Group needed to step in.

You won’t find anyone complaining about the margin limit reductions Not even me. What I wanted to emphasize by using a sarcastic play on the news is what we would have been hearing (inverted of course) had the CME group raised margin. Of course the sharp readers caught on right away. I’m interested in reading comments about how this news fits into the entire silver price suppression meme. I’m sure it won’t be long until someone spins it to fit that seemingly never ending conspiracy. King World News, Keiser, ZH, GATA, Turk, Sprott et al should have a field day with this….NOT!

 

 

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Dan Dontrose

Dan Dontrose is the editor of The Fundamental View
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