Margin Hike Fails: Silver Stands Strong

The banks just fired their most dangerous weapon at the silver market and for the first time in history

it actually bounced off. Last night while New York was dark, the powers that

be changed the rules of the game. If you woke up this morning, checked your phone,

and saw red candles, you probably felt that pit in your stomach. You thought the

crash was here. But stop and breathe. What you are looking at is not a market crash.

It is an act of desperation. The exchange, which is supposed to be neutral,

stepped in overnight and raised the margin requirements for silver futures by fifty percent.

They made it significantly more expensive to hold a position than it was yesterday, trying to force