Gold and Oil trying to go green on the day.....that would be a very welcome development.

Following are my two most recent messages to Kim Taylor at the CME....she continues to fail to respond...

May 11, 2011:

As the evidence grows daily that the CME’s actions have caused great volatility in the Silver market, one must closely inspect the following comments:

“I don’t agree that the margin change was a trigger for changes in the market,” said Kim Taylor, president of CME Clearing. Taylor leads a team of sever hundred risk management and compliance professionals who monitor CME’s markets around the clock.

“The market is well tuned so that if there’s a market move that approaches or exceeds our volatility limits” participants know to expect an increase in margin requirements, she said.”

Ms. Taylor, please confirm that you made the above statements.

May 12, 2011:

As the evidence continues to mount daily that the CME Group’s 5 margin increase in 8 days greatly accelerated volatility in the silver market, one must ask the following questions: If “participants” knew “to expect an increase in margin requirements”, why did silver prices move steadily up between April 11, 2011 and April 29, 2011, while silver related equities, as represented by the ETF SIL fell sharply over the same time period? What exactly are you representing that the “participants” knew, and if they knew the CME Group was about to raise margins, why would silver continue to appreciate while silver equities sold off sharply?

Please answer the questions.