I was a broker then. I recall the COMEX changing the rules saying BUY orders would only be accepted for covering shorts. No one was allowed to buy to initiate a short position. I had a client that had daily margin calls that looked like zip codes. That was ugly and a rigged outcome like I've never seen.
Years before that I had potato contracts long and somehow they all rotted in the storage. Longs should have gone to the moon. Instead they declared a force majeure and cash settled everything at the prior close.
These SOB's can always change the rules. Never forget that.
Why did Michael Saylor and MicroStrategy keep coming to mind while reading this? Maybe because, just like with silver, we’re seeing large players, like Saylor, potentially manipulating the market—especially with his growing Bitcoin purchases on credit.
Most interesting. Did indian silver supply factor into the trend change? Do you believe any of the silver predictions coming from PM commentators? ie anything from $50 to $500 dollars? If the CFTC trading system has a lock on violent up-price movements through controlled position limits, and margin levels,, any such price estimates, if they materialised, would indicate an out of control market; which the article seems to imply cannot happen today. Thanks for the article!
I have a question... If the Feds changed the Rules back in the day, so it can't happen with the Futures contracts... How did it happen as if the last few years with PMs going from West to East? Or is JP Morgan letting it happen? Just saying 😉
I was a broker then. I recall the COMEX changing the rules saying BUY orders would only be accepted for covering shorts. No one was allowed to buy to initiate a short position. I had a client that had daily margin calls that looked like zip codes. That was ugly and a rigged outcome like I've never seen.
Years before that I had potato contracts long and somehow they all rotted in the storage. Longs should have gone to the moon. Instead they declared a force majeure and cash settled everything at the prior close.
These SOB's can always change the rules. Never forget that.
SO IT WAS A SET UP ENSUEDBY THE CABAL, THEY ARE COMING FOR DJT NOW
And then this article… https://www.bloomberg.com/news/articles/2025-01-09/trump-tariff-fears-spark-disconnect-in-silver-and-copper-markets
Why did Michael Saylor and MicroStrategy keep coming to mind while reading this? Maybe because, just like with silver, we’re seeing large players, like Saylor, potentially manipulating the market—especially with his growing Bitcoin purchases on credit.
Most interesting. Did indian silver supply factor into the trend change? Do you believe any of the silver predictions coming from PM commentators? ie anything from $50 to $500 dollars? If the CFTC trading system has a lock on violent up-price movements through controlled position limits, and margin levels,, any such price estimates, if they materialised, would indicate an out of control market; which the article seems to imply cannot happen today. Thanks for the article!
Leverage (borrowing from an untrustworthy system) was the double edged sword that cut their plan.
I have a question... If the Feds changed the Rules back in the day, so it can't happen with the Futures contracts... How did it happen as if the last few years with PMs going from West to East? Or is JP Morgan letting it happen? Just saying 😉