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<p>[QUOTE="Tinpot, post: 1906032, member: 35836"]If you don't think Comex takes its order from the mega-banks and government then you are kidding yourself. Case in point Hunt Brothers.</p><p><br /></p><p>"But on January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding <a href="http://en.wikipedia.org/wiki/Leverage_(finance)" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Leverage_(finance)" rel="nofollow"><u>leverage</u></a> were changed, when <a href="http://en.wikipedia.org/wiki/New_York_Mercantile_Exchange" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/New_York_Mercantile_Exchange" rel="nofollow"><u>COMEX</u></a> adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on <a href="http://en.wikipedia.org/wiki/Margin_(finance)" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Margin_(finance)" rel="nofollow"><u>margin</u></a>."</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Silver_Thursday" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Silver_Thursday" rel="nofollow">http://en.wikipedia.org/wiki/Silver_Thursday</a></p><p><br /></p><p>Ofc people can come up with excuses, but the fact is that if the government or mega-banks decide its in their best interest to either increase or decrease the price of precious metals, they can heavily affect the price through various means.[/QUOTE]</p><p><br /></p>
[QUOTE="Tinpot, post: 1906032, member: 35836"]If you don't think Comex takes its order from the mega-banks and government then you are kidding yourself. Case in point Hunt Brothers. "But on January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding [URL='http://en.wikipedia.org/wiki/Leverage_(finance)'][U]leverage[/U][/URL] were changed, when [URL='http://en.wikipedia.org/wiki/New_York_Mercantile_Exchange'][U]COMEX[/U][/URL] adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on [URL='http://en.wikipedia.org/wiki/Margin_(finance)'][U]margin[/U][/URL]." [url]http://en.wikipedia.org/wiki/Silver_Thursday[/url] Ofc people can come up with excuses, but the fact is that if the government or mega-banks decide its in their best interest to either increase or decrease the price of precious metals, they can heavily affect the price through various means.[/QUOTE]
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