The Chicago Mercantile Exchange is hiking margin rates in a vain attempt to help the USG's favorite hedge fund, JP Morgan. It is having little or no effect on silver demand.
Jamie Dimon, JP Morgan and FED chief- heir apparent took down a cool 17 million in salary last year. I would love nothing other than to see a JPM implosion as silver shorts get slaughtered. You can bet your ass all kinds of little phone calls are taking place around the Morgue today.
I would love nothing more than to see at least 10k contracts stand for delivery at the end of this month. That's probably just a fantasy. There are 58,000 contracts outstanding and we will get the numbers tonite.
Silver up a buck at 32.79. I am putting on my tin foil hat and channeling positive energy.