As the evidence grows daily that the CME’s actions have caused great volatility in the Silver market, one must closely inspect the following comments:

“I don’t agree that the margin change was a trigger for changes in the market,” said Kim Taylor, president of CME Clearing. Taylor leads a team of sever hundred risk management and compliance professionals who monitor CME’s markets around the clock.

“The market is well tuned so that if there’s a market move that approaches or exceeds our volatility limits” participants know to expect an increase in margin requirements, she said.”

Ms. Taylor's comments must be examined. She is implying that "participants" bid the price of Silver up to the $50 level despite the fact they apparently knew "to expect an increase in margin requirements". There is alot here that demands investigation by regulators.