After 2 years of hard work, I rewarded myself with a new vehicle.
December to remember
Wishing you a strong and meaningful Christmas season. I’m sincerely grateful for your loyalty, trust, and unwavering support—it does not go unnoticed. May this time bring well-earned rest, renewed focus, and the drive to take on the year ahead with confidence and purpose. Thank you for standing with me. Merry Christmas Coach Gang!
On one hand the government has cheated you out of the benefits and privileges afforded to you as an American, and on the other hand they have shoveled those benefits and privileges into the hands and mouths of retarded third-worlders.
Should this upset you?
YES!
What should you do about it?
Learn to play the fucking game to win.
Good luck
So what happened with silver yesterday?
The only thing that could have happened—a massive liquidation of weak hands.
As I reported before, CME raised the margin requirements effective December 29th.
Previously, CME allowed 20:1 leverage on futures trading. The margin requirement went from 5% (20:1) to 6.5% (16:1) on Monday, instantly liquidating over levered greedy fools.
Historically CME collateral requirements have averaged 8.5%, so there is a lot of room to play with as far as increases. And CME will definitely increase margin requirements to control the market.
There is a lesson here on the responsible use of leverage. Just because somebody gives you 20:1 leverage doesn’t mean you should use it all. That’s an easy setup to get all your shit taken in a flash.
Good luck
