Re: this is good news for gold going forward

Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

MajorD

Rank: Vice President [?]

Points: 4093 [?]

Votes: 42 Score: 3.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: this is good news for gold going forward

in response to

this is good news for gold going forward

gwr1

posted on Oct 20, 2009 01:28PM

Could this be the real reason:

CME To Allow Gold As Margin Requirement Collateral
Submitted by Tyler Durden on 10/19/2009 08:41 -0500

Is JPMorgan in urgent need of gold replenishment? If one reads between the lines of today’s surprising announcement out of the CME, that the Chicago exchange will allow the use of gold as collateral for margin requirements (for up to $200 million), with the actual physical gold to be stored at JPM’s bank in London, that is one possible explanation.

Taken from Sinclair's site.

Later

5 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply