Im thinking it will be a big bank out East. Too many short silver positions and the margin calls are killing their liquidity. But, what if they run out of other peoples money by trying to cover the margins? Tits up and a closure which will be epic. One domino begins and the whole corrupt chain falls. Mom and pop banks ought to fair better if they didn't short silver or use other stupid money making ideas.
HSBC, Goldman Sachs, and others are gonna be burning the midnight oil tonight to figure out how to crash silver prices on Monday. If they cannot shake silver out of the hands of small holders by forcing the price to plummet to $30/Oz and the small holders want to sell before the floor is hit, then the banks will be royalty screwed.
Im thinking it will be a big bank out East. Too many short silver positions and the margin calls are killing their liquidity. But, what if they run out of other peoples money by trying to cover the margins? Tits up and a closure which will be epic. One domino begins and the whole corrupt chain falls. Mom and pop banks ought to fair better if they didn't short silver or use other stupid money making ideas.
HSBC, Goldman Sachs, and others are gonna be burning the midnight oil tonight to figure out how to crash silver prices on Monday. If they cannot shake silver out of the hands of small holders by forcing the price to plummet to $30/Oz and the small holders want to sell before the floor is hit, then the banks will be royalty screwed.