Would be interesting to see what the price of silver would be, on COMEX, the main US silver market, without the margin requirement increases, and the ‘limit up’ controls that stop trading when the price starts to run.

 How Daily Price Limits Work:

Based on Previous Close: Limits are calculated from the prior day's settlement price (e.g., $8.00), determining a daily range (e.g., $7.30 to $8.70 for a $0.70 limit).

  1. Limit Up/Down: If the price hits the maximum allowed increase ("limit up") or decrease ("limit down"), trading in that contract is affected.
  2. Trading Halts/Suspensions: When a limit is hit, trading might pause, or the exchange may implement "price banding," allowing trading only within the expanded limit until a price is found.
  3. Varies by Commodity: Different commodities have different limit values (e.g., gold, natural gas, soybeans have specific ranges). 



Comments

Post a Comment

Popular posts from this blog

Guest columnist

Because I'm sorta stuck in an Anti-Bush rant.. http://www.youtube.com/watch?v=D99NHb6B03s Can you imagine all those rapper stars with these things? Of course, they'd have to have theirs with 'da bling! Can't be standard, gawd no! And of course, Britney's gotta have one in her car. Paris with her pooch totin' one on the red carpet at some fete. The boys in 'da hood will have a field day on their daily drive bys. P Diddy will wear his on a chain around his neck. You suppose there will be special pockets made in jeans for these things? Trailer trash folks will have 'em camouflaged. Jeff Foxworthy will have to come up with some fresh Redneck stuff. Think George W. will get one, each for the twins? Don't forget Dickie boy for those spur of the moment huntin' trips. Of course Ma Babs will have hers with pearls. Think it will affect the Royals? I can imagine Charles and Camilia on their fox hunt...........ah yes, and Prince Philip, too, must include the...
Read more

Not sure why,

Image
BUT, am still wearing the necklace. Has been a tradition, for over 30 years, to wear the necklace, 'for awhile', until I lose the feeling, of the beach, in Mexico. Can't say why, but, still have it on. "Tis a sad day, when I take it off, and am not ready to go there, yet. Don't ask. 'Tis an old tradition...
Read more

You think the Repub brand is tarnished now?

Image
Just wait 'til Bonehead leads us all over the cliff, to save his 2% buddies having to pay a little higher tax. The Pubs keep thinking the American public is stupid, and they can get away with their phony political crap. They keep forgetting we're not all a bunch of FOXNews sheep, who'll swallow whatever swill is shoveled to them. A once proud party, like a beast in it's death throes, striking out to harm whatever's close, threatening to shut the gov't down, (again), over the debt limit, which is just paying the bills they already ran up. Political hacks, pretending to be patriots. So sad...
Read more