chart, page-5

Hi Thorburn and all,

If people playing in this casino thought they were protected by the regulators and market police men then they are somewhat naïve; however, the following may even things up a little.

A news Item I just spotted that may have some effect on the metal prices in the coming weeks, also some words from Dr. Doom and Gloom always a colourful chap.

Cheers to all and very best regards: Andy

The Comex has decided to lower initial gold and silver margins again, effective at the close next Tuesday. It's a pretty significant drop, too, with the gold initial margin declining from $9,113 to $7,425 or 18.5%. The silver initial margin was reset to $12,100 from $16,875 for a drop of over 28%.

Very interesting move given the recent volatility and high open interest, especially in silver. Here are the rest of the details:

http://www.reuters.com/article/2012/11/15/cme-margins-idUSL3E8MF6LY20121115

From Marc Faber’s talk to the LBMA conference in Hong Kong:


"I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!"


http://goldnews.bullionvault.com/marc-faber-lbma-gold-111620127

Cheers Sir and very best regards: Andy