Thursday, May 5, 2011

Raising of silver margin requirements causing markets to hemorage silver

Since Sunday night margin requirements were raised several times and at least once in China.  Oil is down as well as other commodities. Good news: there should be lower gas prices soon. I do believe silver has further down to go. At 11:24 pm wti crude is $100.26, Dollar index is 74.106, silver $34.91, and  Gold $1486.60.
       http://www.kitco.com/charts/livesilver.html   Live silver from Kitco.com

Kitco.com

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