Comex almost doubled the margin requirement for silver positions after market close on Friday. NOTHING has changed the fundementals for investing in Silver or SLW.
Sometimes I have to wonder why people buy a stock if they can't do their own due diligence.
Curbing the speculators again? Ha ha! Many more got their heads handed to them in MASSIVE loss booking. Patience people...especially with SLW (or other miners in general.)
I will be adding again tomorrow, and the next day, and possibly all week if it keeps tanking. Every dollar buys more physical or miners. silver went as low as $42. It could go to $38 or $35 (or $25 in your dreams.) I hope it does and does it fast.
Extremely thin trading in asia where main markets are on holiday. It is the perfect time to sell a few contracts under the current bid price to tank the price so you can cover the majority of your short position at much cheaper prices as technical traders dump because their charts tell them to and novices dump out of fear. Hope is that a small investment can cause a significant price erosion long enough to cover in at reduced pricing.
Of course, the other theory could be that someone just wants to get long at better prices. Works as a strategy both ways as long as you are large enough to drop some shares to slam the price down.
Timing on this couldn't be better if the above is your strategy. Holiday closed markets in asia and europe and a late contract margin hike in the US.
Best of luck