http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/25_London_Source_-_Asian_Buyers_Will_Take_Silver_Over_%24100.html
April 25, 2011
KWN’s London source has updated King World News on the massive Asian buyers which have been accumulating gold and silver. The London source stated, “$3 to $4 dollar days in silver will become common, from now on $2 days will be considered slow. There will be a great deal of volatility going forward, but more often than not silver will close near the highs.”
The London Source continues:
“Right now the silver shorts are being flushed out in Asian trading on light volume and we have options expiration ahead of us. 38,000 silver contracts are in the money and the question is how many will ask for delivery?
As I mentioned to you previously, the Asians have also been taking delivery of silver out of SLV and will continue to do so. You have to understand that these Asian buyers are planning to take delivery of all of the available phyiscal silver they can get their hands on and will continue doing so for the foreseeable future.”
When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify. They don’t care whether silver is $50, $60 or $100, they will just continue accumulating. The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”
As Dan Norcini and I discussed this weekend on the KWN Weekly Metals Wrap, the Asians are steering the bus in the silver market as the paper shorts lost control some time ago.
Eric King
KingWorldNews.com
2011年4月26日星期二
CME Group Raises Performance Bonds For Comex Silver Futures
25 April 2010, 4:01 p.m.
Kitco News
http://www.kitco.com/reports/KitcoNews20110425DeC_CME.html
(Kitco News) - Margins needed to trade Comex silver futures are being increased by the CME Group and will take effect after the close of business on Tuesday, the exchange said Monday in a press release.
The move by the CME Group to raise the margin needed to trade – also known as performance bonds – silver futures on the Comex division of the New York Mercantile Exchange likely won’t come as a surprise given the heavy volume and more than $4 an ounce price swing in the metal on Monday. Futures traders had talked about the possibility this would occur because of Monday’s volatility. The CME Group is the parent company for the Comex and Nymex.
Kitco News
http://www.kitco.com/reports/KitcoNews20110425DeC_CME.html
(Kitco News) - Margins needed to trade Comex silver futures are being increased by the CME Group and will take effect after the close of business on Tuesday, the exchange said Monday in a press release.
The move by the CME Group to raise the margin needed to trade – also known as performance bonds – silver futures on the Comex division of the New York Mercantile Exchange likely won’t come as a surprise given the heavy volume and more than $4 an ounce price swing in the metal on Monday. Futures traders had talked about the possibility this would occur because of Monday’s volatility. The CME Group is the parent company for the Comex and Nymex.
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