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<p>[QUOTE=&quot;desertgem, post: 1906070, member: 15199&quot;]&quot;But on January 7, 1980, in response to the Hunts&#039; accumulation, the exchange rules regarding <a href="http://en.wikipedia.org/wiki/Leverage_%28finance%29" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Leverage_%28finance%29" rel="nofollow">leverage</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">COMEX</a> adopted &quot;Silver Rule 7&quot; placing heavy restrictions on the purchase of commodities on <a href="http://en.wikipedia.org/wiki/Margin_%28finance%29" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Margin_%28finance%29" rel="nofollow">margin</a>.&quot;</p><p><br /></p><p>Your quote is true. Now read this also</p><p><br /></p><p><a href="http://web.pdx.edu/~jjackson/HuntSilver.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://web.pdx.edu/~jjackson/HuntSilver.html" rel="nofollow">http://web.pdx.edu/~jjackson/HuntSilver.html</a></p><p><br /></p><p>You can see that the CME tried to fulfill their responsibility under the preceeding margin requirements, but Hunts , possibly collaborating with Saudi and other foreign concerns didn&#039;t play fair ( IMO ) and was forced to change the number of contracts that could be held on margin. </p><p>&nbsp;&nbsp; &nbsp; I know that some people believe it was just another conspiracy to keep bullionists down, but it was 3 or so bullionists trying to make multimillions quickly.&nbsp; The Hunts tried the same process with Water in southern California, and the Feds stepped in and stopped it. It was their MO. </p><p><br /></p><p>&quot;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.&quot;</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; Any person group of people or company with access to trading futures&nbsp; and a few billion in funds can readily change ( either direction) the price of any stock or commodity, with or without assistance. What prevents this from occurring is limitations with margin. You should notice that the Rule 7 mentioned by you only limits the number of contracts under margin, not if originally purchased for delivery. So the Hunts could have continued buying physical silver&nbsp; contracts if they were just stacking, but they were not.[/QUOTE]</p><p><br /></p>

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