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<p>[QUOTE=&quot;desertgem, post: 1211918, member: 15199&quot;]The CME group is a public owned company; anyone can buy stock in it. It has to file documents and records with the SEC and are readily available on EDGAR. The function of any company is to protect their financials for their stock owners. When Silver was approaching the $50 mark with the margin low, way more calls on Si was being purchased than puts, as speculators were hearing all of the $100, $200 oz foolishness and jumping in. If CME didn&#039;t raise their margin calls, and balance the call (long) bets with the puts (short), they would be doing their stockholders badly and would be held for SEC audits. So they &quot;Had &quot; to raise margins. They would have to do the same thing if the reverse was true and there was more short bets than long bets.</p><p><br /></p><p>People may think the CME doesn&#039;t play fair, but they set up the game and it is their ball. No one has to play with them, and&nbsp; few that complain actually do ( except for the bullion biggies ). The retail consumer usually lacks the cash to do so directly so instead they use ETF that deal with futures such as SLV, GLD, etc. If one reads the prospectus of these companies/funds, you will also find that you can take delivery in physical if you are a participating party of the trust ( big banks/commodity companies) and you take a &quot;whole basket &quot; worth. Around a half million to several million depending on the fund. And everyone that buys a share of SLV is suppose to have read the prospectus and agree to it or not buy shares. They can&#039;t just say &quot;make mine physical please&quot;.</p><p><br /></p><p>It is apparent that through speculation, the silver market was just one big betting game, and like sporting events, the odds are often changed along the way when too many bet on the same team, or the bookie runs great risk. If someone says the market was manipulated,&nbsp; and it is almost always those who lost money, it was the retail customer who , by not understanding the rules, suffered the most. IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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