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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Metals & Mining Industrial Metals & Minerals
Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Americas Gold and Silver Corporation
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Post by hrockon Nov 09, 2010 4:56pm
507 Views
Post# 17683052

Silver Slips cuz of CME margin changes

Silver Slips cuz of CME margin changesRock Silver Brakes
..........support will come overseas........
..........China doesn't buy on margin!
Just da way I see dat!
HardRock
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CME Taps the Brakes on Silver
Published: Tuesday, 9 Nov 2010 | 3:50 PM ET
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By: Lori Spechler
Senior Editor, CNBC
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Tapping the brakes on the silver rally, the CME today sent a letter to its clearing member firms and others raising the amount of margin needed to trade silver futures contracts. The change will go into effect after the close of business Wednesday, November 10th, 2010.


Silver bar and coins
Thomas Northcut | Photodisc | Getty Images
The reason cited for the increase was a “…normal review of market volatility to ensure adequate collateral coverage…”
Michael Shore, spokesman for the CME said the exchange evaluates margins from time to time and they often change—nothing unusual.
New Tier 1 “Spec” Positions will require an initial margin of $8,775, up from $6,750 currently. New “maintenance” margin calls for those positions will rise to $6,500 from $5,000 currently.
Margins on Tier 2 and 3 “Hedge/Member” Positions will go from $5,000 to $6,500 for both new “initial” positions and also, for ongoing “maintenance” margin calls.

RELATED LINKS
Silver Rallies On: Three Things To Consider
Gold, Silver & Why Paulson Hearts Bernanke
CME silver futures trade in contracts of 5,000 ounce and are priced in U.S. dollars.
Margins on e-mini silver futures have also gone up across the board from $1,350 to $1,755 for “initial” positions for “Spec” traders and from $1,000 to $1,300 for “Hedge/ Member” positions. “Maintenance” margin calls for all have gone up 30% from $1,000 to $1,300.
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© 2010 CNBC.com
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DaRockuses charts to keep tabs ..........on subjects of interest for me. (clickon thefollowing links to access).
Myinterestsinclude:
A.Gold/SilverTrends
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103697

B.Markets
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103698


C. Commodities & Metals
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103699


D. RockPick$......with possible biggains
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103700


Note: some of these charts to do with ratios;reportyesterday's numbers; the stock charts are uptadate!

********* comments here are only for infotainmentreasons*************
************************* Notfinancialadvice***********************


HardRock
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities