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  #1  
Old 05-07-2010, 01:34 PM
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Default The reason behind todays spike in Silver.

From the link below:

WASHINGTON (Dow Jones)--The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.


http://market-ticker.org/
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Old 05-07-2010, 01:38 PM
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This is some pretty clear evidence of manipulation. The spike in silver started at exactly 11:15, when this warning was issued.
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Old 05-07-2010, 01:39 PM
HighInBC HighInBC is offline
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Wow. Glad I bought that 1oz Phil the Monday before last.
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Old 05-07-2010, 01:40 PM
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Default Ereal

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This is some pretty clear evidence of manipulation. The spike in silver started at exactly 11:15, when this warning was issued.
You don't think the CFTC is actually going to start doing their job, do you?
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Old 05-07-2010, 01:48 PM
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You don't think the CFTC is actually going to start doing their job, do you?
Hehehe, probably not, judging by their track record. Unless their job is to add volatility to the commodities. Still, it appears that some were concerned enough to cover their "excessive" speculative shorts.
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Old 05-07-2010, 11:26 PM
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Originally Posted by EReal View Post
Hehehe, probably not, judging by their track record. Unless their job is to add volatility to the commodities. Still, it appears that some were concerned enough to cover their "excessive" speculative shorts.
I'm pretty sure their job is to do blow on their desk and check in with Goldman Sachs before they taker a dump.
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Old 05-07-2010, 01:52 PM
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The cftc should nomt worry about the longs as long as they are within their trading overnite limts. I`ts the constant cot bulcrap shorts maitained by the bullion banks that are given special allowences to maintain excessive shorts continually.
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Old 05-07-2010, 01:38 PM
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Quote:
Originally Posted by Venturer View Post
From the link below:

WASHINGTON (Dow Jones)--The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.


http://market-ticker.org/
So what does this mean for us folks buying physical?
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  #9  
Old 05-07-2010, 01:54 PM
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Quote:
Originally Posted by Venturer View Post
From the link below:

WASHINGTON (Dow Jones)--The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.
Good find.

Although it doesn't fully explain what happened. That applies to traders that buy/sell too much during the day, but then close it out by the end of the day (so that the COT reports don't show them as having too many contracts).

So it looks like they sold/bought at 11:15, when the announcement was made -- but they were planning to sell/buy the same contracts by the end of the day anyways. So the price might spike, but it (in theory at least) should go back down to where it was.

But I must say, that was a very interesting move by the CFTC (and might explain bits and pieces of things regarding the silver investigation).
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  #10  
Old 05-07-2010, 02:23 PM
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Good find.

Although it doesn't fully explain what happened. That applies to traders that buy/sell too much during the day, but then close it out by the end of the day (so that the COT reports don't show them as having too many contracts).

So it looks like they sold/bought at 11:15, when the announcement was made -- but they were planning to sell/buy the same contracts by the end of the day anyways. So the price might spike, but it (in theory at least) should go back down to where it was.

But I must say, that was a very interesting move by the CFTC (and might explain bits and pieces of things regarding the silver investigation).
With the move in the Silver price dramatically up, it is safe to say those exceeding their limits were short and had to cover before they wanted to. Generally when traders exceed their limits they trying to move the market, in this case they were trying to move the market down. The CFTC stopped them and that is a good thing. The Futures Markets are suppose to facilitate Price Discovery, not Price Manipulation.
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