Monday, 25 April 2011

CME Hikes Silver Initial And Maintenance Margins By 9%

The world's most telegraphed call comes and goes, however since it has been priced in about 7 times already, has absolutely no impact on the price of silver. And yes, we were off by about 8 hours. Also, for those who observed this is the third margin hike in as  many months (previously here and here) with neither doing anything at all to halt the price surge, you are absolutely correct.

Read the full story here, at ZeroHedge:

P.S:  We said last week that this was going to occur again soon, it was only a matter of time. And sure enough we got it. Third time is a charm right?!