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<p>[QUOTE=&quot;medoraman, post: 1174421, member: 26302&quot;]What I meant about eliminating leverage was that the price finding mechanism of this market would be significantly hindered, and news like new production, lagging production, etc etc could not quickly be filtered into the market pricing due to this constraint. It would be a slow, information inefficient marketplace with little value. Due to this, even more manipulation would be possible since it would still be a market price base, just simply much more maniputalivable. I have lots of experienced in ineffective, easily manipulated markets on the ag side of things.</p><p>&nbsp;</p><p>Also, I still think leverage is a big issue since people are saying the &quot;big boys&quot; are playing silver. I do not fault brokerages raising margins requirements on a commodity with such intense volatility lately. Brokerages need to protect themselves, and in the past markets like this have moved too quickly for thin margins to fully cover brokerages on borrowed money. You want a brokerage disaster? Keep the same thin margin requirements in place and see a one day $20 drop, that move would bankrupt many brokerages. If silver SLOWLY moved up to $50 and then they increased margin requirements, then I would listen to the conspiracy theory.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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