SMF069

Rank: President [?]

Points: 40296 [?]

Votes: 57 Score: 3.6 [?]

Your 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.)

OT: Gold Margin Hike

posted on Jun 20, 2013 10:02PM

Anyone think this was a coincidence? The Fed announcement and a margin hike for next week. Paper quotes for gold and silver continue to drop while demand has never been greater. Defies any reasonable logic. Let's just go to 100% margin and eliminate the paper players and the games they play. SMF

CME HIKES GOLD MARGINS 25%

June 20, 2013

The cartel is pulling out all the stops to induce as much pain as possible through the highly levered paper metals markets. Apparently a $100 smash in gold in 24 hours is not enough.
Moments ago, the CME announced a 25% hike in both initial and maintenance gold margins from $6,400 to $8,000, effective after market close Friday 6/21.