CME Group Raises Comex Gold Margins By 21.5%, Silver Margins By 15.6%
Spooly
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(Kitco News) - CME Group Raises Comex Gold Margins By 21.5%, Silver Margins By 15.6% .
ARE YOU KIDDING ME!!!!!! Criminals
ARE YOU KIDDING ME!!!!!! Criminals
Si vis pacem, para bellum
In God We Trust.... all others pay in Gold and Silver!
In God We Trust.... all others pay in Gold and Silver!
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Knowledge is the enemy of fear
The world is on fire and not even the FED or the PPT can convince smart investors to take stock in Wall St.
Once it is realized dollars are as great a risk as everything else, even margin requirement hikes will not keep PM prices down. Margin hikes only directly affect those buying on margin. While it affects the price that cash buyers pay, the cash buyers will overwhelm the market.
This will only fuel a bigger spread between paper price and physical price. Keep an eye on those ASE and AGE premiums.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What are the odds that word was leaked out yesterday?
I'd follow the CME's logic a lot better if the hikes came when gold was last in the $1850-$1920 and silver >$42. This was a well orchestrated strike during options
expiration week. They probably hatched the idea as soon as the FED came out neutral/bearish on Wednesday. Never let a good crisis go to waste.
roadrunner
You could make that story work. All the big boys got out yesterday, piled into puts, then told their 'friends' one tier lower about it after the fact.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
As the world economies burn there is a current flight to safety. The economic team is trying to disuade a flight to commodities, particularly PMs. If the team's goal of artificially directing investments to Wall St. fails (and it will) the only current alternative for safehaven is the $US. A rising dollar is a nightmare for the FED who has been doing everything in it's power to weaken it. There is the possibility that a negative affect on the FED's effort to keep the dollar from rising will result in an eventual desire to have commodities serve as a safehaven. I'm thinking PMs will become their second choice (behind Wall St.) if too much investment money strengthens the dollar against the FED's wishes. We may reach a point where they manipulate the price of PMs (or other selected commodities) upward to relieve rising pressure on the dollar. This will only occur if they fail to redirect commodity investors back to Wall St. equities.
It is no longer a secret that Washington controls the flow of investment dollars. Until the markets regain control (they probably never will) it is best to either avoid investment markets, pick something that will win in the long run (physical PMs), or learn to make investment decisions based on educated guesses of Washington's next move. A successful combination of the last two will be the ultimate money maker in today's markets.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Google the title for the full article . . .
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
Leading the Sheepie to the cliff!
<< <i>Full Story Here.
Google the title for the full article . . .
HH >>
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Successful Trades: Swampboy,
Don't quote me on exact figures, but I do distinctly remember paying $20 for a 1 oz. round when the Street said Silver was worth $16/oz. Like I said, I may be off on the timeframe as to the actual price at the time, but there was about a 25% premium going on for awhile to hold the physical.
This was all created by the whitehouse team to discredit GB, to try and stop his "Stop the Socialism of America" efforts.
Now our PM's are nothing but political fodder
<< <i>How much is the margin? Is it a lot less than for equities? If so, why? >>
I dont trade futures so I dont know the answer, but if I had to guess I would say the futures market is HIGHLY leveraged. Thats why the massive runups and selloffs. Very possibly the reason PM's moved so high in the first place was that there is too much easy money and too much available leverage. If margin requirements were lower from the beginning, this pain would not have come.
Dont blame the goose that lays the golden eggs.
Knowledge is the enemy of fear
<< <i>It is no longer a secret that Washington controls the flow of investment dollars. Until the markets regain control (they probably never will) it is best to either avoid investment markets, pick something that will win in the long run (physical PMs), or learn to make investment decisions based on educated guesses of Washington's next move. A successful combination of the last two will be the ultimate money maker in today's markets. >>
Yes. We have central planning now. It used to be build a better mouse trap and you created a lot
of wealth as the world beat a path to your door to catch more mice. You bet on the mouse trap
maker to get rich and you invested in the companies that could improve the lot of man. Now you
bet on companies that are best positioned to pick the bones of the economy and on what the cen-
tral planners will do next.
I've just come to believe the idiots trying to micromanage the economy are now trying to stifle in-
flation in order to put more money in consumer pockets so they can spend and waste our way out
of a fundamental and structrural mess created by waste, sloth, and debt. We will convert more
capital to waste as more meat is sucked from the bones and debt piles upon debt as waste goes
ahead unabated. Eventually, sooner rather than later, everyone comes to see the situation is
untenable or derivative losses bring the whole thing down in a massive bond implosion. The bed
is likely made this time so watch for fire sale prices on metals before an utter catastrophe.
It's a tough call really and it seems Washington has a hard time sticking to any plan. I'll wager the
mucky mucks have the collapse planned out to five decimal points though.
I knew it would happen.
Watch the Oct. options expiring Tuesday for some major opportunities. In fact, looks like a great time to buy a strangle for whatever price you wanna spend (i.e. pick an amount & find the necessary distance options from the money) and wait to see if there's another crazy move that will make one side explode.
Note though that the lowest put strike is 24 & the last time I checked it was going for approx. $200-250. You can easily find a call for less than that with even less than the same amount out of the money.
"How much is the margin? Is it a lot less than for equities? If so, why?"
Best I can tell (NOT less than "equities"),
Gold: Initial $11,340, Mainenance $8,400, Day Trading $5,670
Silver: Initial $25,920, Mainenance $19,200, Day Trading $N/A
<< <i>Don't forget these margin requirement increases also work two ways, they also increase margin for the shorts too. >>
Yes, but in gold and silver the biggest shorts are the bankers who are considered commercial hedgers and therefore can get a better rate than you or I.
And I don't think the banksters care all that much about the margin requirements as long as they are told beforehand when changes are coming.
roadrunner