Wednesday, April 20, 2011

Silver Breaks $45 - CME Margin Hike Imminent

$45 Silver!
As expected, silver has just shot through $45, last touching $45.19.
We feel a CME silver margin hike coming on- no chance the cartel leaves silver solidly over $45 for a 3-day holiday weekend without a fight- especially with gold over $1500 as well.  $45 silver and $1500 do not make happy headlines for Blythe and co.
We'll see how long the take-down lasts this time...our call is 2 hours.