tick tock 1 more month.
well lets see what you can do shorts
please go commit suicide if they vote it through
just don't get ebola and spread it.
as then I would have to waste my colloidal silver cleaning up your mess.
The market is showing signs of this happening. Typically, the Swiss franc is the quietest of the major currencies, due largely to a three-year-old policy at the SNB of preventing the euro to trade under 1.20 francs. Market participants rarely expect the euro to trade very far from that floor at any given point in the near future. This means that the price of options--which help investors and traders to protect themselves, and profit from, moves in future--rarely budges.
But looking out over the next two months, a gap appears.
Currency options on the euro against the Swiss franc expiring in two months--after November's referendum--are now more expensive than those expiring in one month, or before the vote. This shows it is somewhat more expensive to buy protection against volatility in this cross after the referendum than before it. A few days ago, the two derivatives contracts were trading in their usual tight correlation. Options on other currency pairs, such as the euro against the dollar, aren't showing the same gap.
Gold analysts note a similar modest pickup in demand for gold options, bracing for the small possibility of a potentially huge wave of buying by the SNB. "It certainly supports the price of gold," said Robin Bhar, an analyst at Société Générale, though he added that the weight of expected interest-rate rises from the U.S. is acting as a heavy counterpoint. Gold now trades around $1,228.00 an ounce.
"The market is starting to price in the upside risks in the gold market via options but remains fairly calm for the time being," he added.
Markets show jitters ahead of Swiss gold vote
Published: Oct 29, 2014 3:23 a.m. ET
Gold and currencies markets are starting to show their first nerves ahead of a referendum in Switzerland that could potentially force the country's central bank to buy thousands of metric tons of gold and never sell it, complicating its so far credible policies to hold down the franc.
A 'yes' result in the so-called "Save Our Swiss Gold" vote Nov. 30 wouldn't be the end of the matter, with the controversial measure facing several hurdles before it could ever be passed into law.
Still, a ruling in favor of the motion would force the Swiss National Bank to hold some 20% of its about $547 billion assets in the precious metal, returning to the weighting it last held in gold in 2008. This harks back to a time when Switzerland held a dominant role in global gold markets.
The SNB's asset share in gold is now 7.7%, and ramping it up could complicate efforts to tame its currency. In response, derivatives contracts that help traders and investors to profit from, or protect themselves from, sudden shifts in the franc around the time of the vote are increasingly, if cautiously, in demand.
"The market impact of a yes-vote would likely be quite spectacular," said UBS strategist Beat Siegenthaler. Switzerland's regions and parliament would need to ratify the motion, which gives it only a small chance of ever coming into force, Mr. Siegenthaler noted. Still, he added: "Investors might want to take out insurance."
now to add something of substance instead of idiots gloating.
we both know yellen will never increase interest rates ever again.
that's a given
the lip service at the fed meetings are worthless. everyone already knows what they will say.
OH IF inflation is picking up we will have to raise rates blah blah blah and they make the excuse of saying THEY ARE THREATENING US.
NO THEY AIN'T idiots it is a DOG and pony show.
pretending that they will raise rates when they wont.
and the Wall street already knowing this PRETENDS to be fearful of raising rates when they already know it is fake.
Seriously people need to read between the lines.
But in this case everyone is in on it thus they go on with the play/show.
anyway I hope people actually know what is happening anyway.
they are perhaps panicking with the Swiss elections so need to play harder and harder until then.
gl to those that actually have morals and
go get ebola to those that are immoral.
you know whom you are.
ever hear what goes around comes around?
you will meet yours eventually.
don't gloat so much.
eventually someone will get fed up and get ebola and walk right to you and spit on your face for being a dirt bag that you guys are and you will die.
such is the life of a wall street junkie hopefully you guys will get
suicided by your bankster employers like many of the other ones that knew too much.
also may I add you guys have been shorting the silver mining industry way too much.
not just svm? perhaps you should pat yourself on the back some more may I say.
maybe put a mirror next to you when you go out on a date to talk to yourself as it seems you are a narcissist.
also may I add to oopsie how are rvlt and zgnx doing? wow how right he was on those.
way to go man way to go.
huh i have been busy but it seems you are busy posting here as your job. as you should have noted I have better things to do than baby sit you committing fraud dirt bag.
anyway I think you guys already admit you are morally bankrupt so begone now. you are merely
now gloating about committing fraud nothing more
but alas I see you b**** just want to drain the company of capital because you know they are real thus you have no other choice as expected dirt bag.
thus you are now resorting to just harassing the company until they have no more money unfortunately you cannot do anything more because it is you yourself the fraud mr Asian bumpkin mainlander that has no manners.
perhaps you should learn some manners from Hong Kong instead.
how about CDE from 34 to 4.2
pretty much about equal give or take another 5%
SSRI 35 to 5.2
but now asianvest you are going to give your pat on the back by saying SVM is a scam when it really isn't but just following silver miners.
it is just that shorts like you want to use it as another talking point like a good shorty troll would as always.
everyone and their grandma knows this.
the main reason you get so much flack is because you are SO FAKE.
otherwise I wouldn't need to argue with you Corrupt douche bags so much.
and you are so obvious about it.
asian see you arrested when the time comes.
or hope you get ebola now since your kind definitely deserves it
I just hope no one innocent gets it. so when you do get ebola go into a hole and die quietly instead of asking others to pickup your remains.
I think you all already lost the moral argument so don't even try.
but on the bright side you used it as an excuse for 2-3 years on top of the silver manipulations for your masters at the FED.
either way it doesn't matter eventually one way or another you all will be judged.
gg dirt bags
the thumbs down people are Jon Carnes worthless lackies.
lets hope they all get ebola and die.
they are worthless after all.
Maybe we should hope the doctor went to wall street and treated them a good deal.
happy ebola-ween to them.
may the wicked be judged.
sorry but even if you do that,
I already have your data recorded and proof of your fraud.
so don't gloat so much.
unfortunately you think you can always pay off the powers to let you go but that won't happen all the time.
eventually you will be judged one way or another.
anyway that was quick seems you asked yahoo to delete my post.
but anyway it also seems you are getting nervous.
as your court date is coming up.
you shall be judged.
I hope you get ebola and die really you are a #$%$ bag of the highest order.
spamming 1/2 truths and not the whole story in wikipedia and others and then forcibly asking others to spam and spam away shows your desperation and paying them off.
sorry you are DEFINITELY GUILTY if anyone has any common sense.
but unfortunately everyone has none these days which is why we even have ebola in the states you people make me sick really.
please catch ebola and die already worthless dirtbag worm.
this is what I have been busy preparing for while oopsie and asianvest have been busy spamming here
thinking spamming their stupidity would do them any good and their bosses will save them.
it matters not too much
for those that have morals anyway.
good luck stay safe
we know the drill we have been prepping for these things and the incompetence of certain individuals.
we will do what we usually do and let them do what they do.
um first of all asian you have been spamming Jon Carnes for taunting purposes for the last 2 years so you really have no right to complain when others point that out.
also I should ask what dialect you speak tyvm.
this part is why SVM CANNOT export silver apparently else they would enjoy many times more gains...
"The reason the price difference is a not arbitraged is silver bullion export from the mainland enjoys 17 % VAT (no restitution). Which in affect is an export tariff of 17% to protect silver from leaving the mainland. Read: the State Council is protecting the Chinese silver market to offer their citizens to invest in silver below international prices."
too bad. but they are so close to the demand that I guess it doesn't matter when it comes down to it if the CME group is further exposed.
we shall see this coming election if the Swiss are stupid or not.
I frankly hope to think not.
they did vote to audit gold/silver last election cycle after all.
All in all, there is strong demand for precious metals currently in China, though the mainstream media might tell you different.
thats the whole article.
unfortunately we cannot post the link
Shanghai silver remains scarce, on the Shanghai Futures Exchange (SHFE) silver has been trading in backwardation Since august 6. The scarcity has diminished the discount of silver in China relative to London significantly. Throughout October the discount was lower than 4 %.
If the discount of the pure price of silver in Shanghai reaches zero and becomes a premium, demand for silver on the world market will increase as the Chinese will start importing silver bullion.
At this moment the pure price of silver in China is lower than in London for two reasons:
(i) The cash costs for mining silver in China is significantly lower than elsewhere across the globe. For example Silvercorp can mine silver in the mainland for $9 an ounce.
(ii) China’s economy is heavily dependent on copper and other base metals such as lead and zinc. By importing copper, lead and zinc concentrates that contain silver as a byproduct China is incidental importing silver.
The reason the price difference is a not arbitraged is silver bullion export from the mainland enjoys 17 % VAT (no restitution). Which in affect is an export tariff of 17% to protect silver from leaving the mainland. Read: the State Council is protecting the Chinese silver market to offer their citizens to invest in silver below international prices.
SHFE silver inventory has stabilized now all the metal that was brought into the warehouse to cash and carry silver (in times of a steep futures contango curve) has been depleted. Total SHFE silver inventory now stands at 94.807 tonnes.
If we combine the last to charts we can see that whenever silver is trading in backwardation, inventory is dropping or stabilizing. If silver is not trading in backwardation (and the contango curve is steep enough), it can cause inventory to increase as the cash carry arbitrage opportunity arises (explained here).