From an experienced trader...

Regards - VHF

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Margin Raised, markets crushed w/Media help

J.B. Slear

November 10, 2010

We had another fantastic day yesterday when the Precious Metals made breath taking new highs. But was turned into a nightmare (for some) right after COMEX closed at !:25PM… Never in my days have I heard from the MSM (main stream media) blast out the raising of margins on the metals. All day long these talking bobble heads do nothing but bash metals. So to come out and tell the public margins are raised (mentioned) at least 6 times in a matter of a 1/2hr is an act of fear. Gold closed on COMEX at $1,410.10, up $6.90. Immediately after the close, the margin subject was being played throughout the investment world. Gold was hammered down to to $1,382.20 in minutes. Silver was huge!! A rally to $29.34 to close at $28.906 (COMEX close). Within minutes, Silver was dropped to $26.905…Problem with this type of trading is the chart painting. Pullbacks happen in a healthy market, but the timing of margins being raised (MSM) and the after COMEX close should be considered suspect. As of the new trading day (International Commodity Exchange = ICE), late yesterday (6pm EST), Silver showed a negative number of -2.00… when it really was the after COMEX trade. This has messed up the mind, but not the charts. Look at the charts before calling in, you’ll see what I mean.

US$ is higher by 30.1 points, because the Euro is a stinkier piece of crap then the US$. 77.890 is the current price with today’s high of 78.025. Gold is down $13.30 dollars at $1,397.40. Silver is at $27.600, down $1,30 from yesterday COMEX close, which really means since yesterday’s manipulation, both precious metals are recovering. The idiots of paper are still buying up Treasuries and the S&P plus the other indicies are having a hard time staying flat. We have negative numbers across the board in all things physical. Grains are lower, Softs, Meats, and the other metals. The only things positive are Treasuries and Petro…. Stay tooned, our fun hasn’t finished yet. and as always….Stay Strong!!