Tuesday, November 9, 2010

Why did silver just sell off? This is why

My thanks to main man 'J' for the link. His explanation was also succinct in the covering mail, so let's leave it to him:
"... CME is raising, on one days’ notice, initial and maintenance requirements for Silver by 30% - hence the $1.60 drop in Silver in the last 40 mins"

Here's the link to the CME announcement.