{"id":13228,"date":"2011-05-03T14:37:36","date_gmt":"2011-05-03T18:37:36","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=13228"},"modified":"2016-09-20T08:42:56","modified_gmt":"2016-09-20T12:42:56","slug":"silver-slv-smoked-margin-requirements-hiked-again","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2011\/05\/03\/silver-slv-smoked-margin-requirements-hiked-again\/","title":{"rendered":"Silver (SLV) &#8211; SMOKED&#8230;Margin Requirements Hiked AGAIN!"},"content":{"rendered":"<p>Margin requirements were moved up again in an attempt to stop the rampant speculation in Silver. This is one of the reasons that there was a steep decline toward the end of the day.<\/p>\n<p><em><strong>2:42 PM \u00a0 &#8211; QUICK UPDATE &#8211; The $41.25 Fib has been broken. If the electronic closes under this level, there maybe a panic sell setting up overnight.<\/strong><\/em><\/p>\n<p>Here is the link for the latest update from CME: \u00a0 \u00a0 <a href=\"http:\/\/www.cmegroup.com\/tools-information\/lookups\/advisories\/clearing\/files\/Chadv11-156.pdf\">http:\/\/www.cmegroup.com\/tools-information\/lookups\/advisories\/clearing\/files\/Chadv11-156.pdf<\/a><\/p>\n<p>This is the chart we were watching yesterday as we looked to <!--more-->add to our <strong>short <\/strong>position. (By the way, Silver is down 16% since its intraday high)<\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/05\/silvershort2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-13236 aligncenter\" title=\"silvershort2\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/05\/silvershort2-610x396-1.jpg\" alt=\"\" width=\"610\" height=\"396\" \/><\/a><\/p>\n<p>Here is the updated chart from today. We held a 9% position of ZSL (Therefore, 18% Short Synthetically via ProShares 2X Short) for <a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/mailbox\/tdi-investment-fund\/\">TDI client accounts<\/a>.<\/p>\n<p>The good news for those LONG silver is that there is a daily Fibonacci level that was bounced off of today ($41.253). But, with all of the new margin requirement hikes and the U.S. dollar starting to show a touch of basing, this could end up a real bloodbath &#8211; down towards $36. For now, the silver bulls still are hoping that this is just a simple point that they can buy more. Hoping&#8230;.<\/p>\n<p>We covered part of the position at the $41.27 level. If it breaks down, we will have another go at it with the target of approximately $37.<\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/05\/silver4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-13241 aligncenter\" title=\"silver4\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/05\/silver4-610x411-1.jpg\" alt=\"\" width=\"610\" height=\"411\" \/><\/a><\/p>\n<p>One more interesting chart we dug up from Bloomberg:<\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/05\/silver_trend-change.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-13242 aligncenter\" title=\"silver_trend change\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/05\/silver_trend-change-610x382-1.jpg\" alt=\"\" width=\"610\" height=\"382\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Margin requirements were moved up again in an attempt to stop the rampant speculation in Silver. This is one of the reasons that there was a steep decline toward the end of the day. 2:42 PM \u00a0 &#8211; QUICK UPDATE &#8211; The $41.25 Fib has been broken. If the electronic closes under this level, there [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,42],"tags":[286,483,486],"class_list":["post-13228","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","tag-commodities","tag-markets","tag-short-ideas","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/13228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=13228"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/13228\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=13228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=13228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=13228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}