Just as Perdicted, Margin Requirements Raised this Evening

C0INB0Y

"Anyone surprised, please raise your hands. And yes, it was fun when margin were hiked only on surges in the various futures contracts. Now, dumps works just as well. The logic, of course, is that gold shorts are also margined. However, judging by the immediate $15 drop in gold upon the announcement, those who are short the metals certainly have a much, much bigger balance sheet and cash hoard to satisfy any collateral requirements than those long. Next: expect the Shanghai Gold Exchange to hike margins in a few short hours once China wakes up and looks at overnight PM prices in horror."


Margin Requirements Raised this evening

Steady...Steady...Steady...let them get closer....wait till you see the whites of thier eyes before you fire, boys..

cohodk

<< <i>"Anyone surprised, please raise your hands. And yes, it was fun when margin were hiked only on surges in the various futures contracts. Now, dumps works just as well. The logic, of course, is that gold shorts are also margined. However, judging by the immediate $15 drop in gold upon the announcement, those who are short the metals certainly have a much, much bigger balance sheet and cash hoard to satisfy any collateral requirements than those long. Next: expect the Shanghai Gold Exchange to hike margins in a few short hours once China wakes up and looks at overnight PM prices in horror."


Margin Requirements Raised this evening

Steady...Steady...Steady...let them get closer....wait till you see the whites of thier eyes before you fire, boys.. >>



Werent requirements LOWERED several times in the last year+?

C0INB0Y

<< <i>Werent requirements LOWERED several times in the last year+? >>



Yes, as a matter a fact, eased up on November 12th when Gold hit $1,739, COMEX set the trap as they lowered requirements so that all of the Muppetts could buy more!

cohodk

<< <i>

<< <i>Werent requirements LOWERED several times in the last year+? >>



Yes, as a matter a fact, eased up on November 12th when Gold hit $1,739, COMEX set the trap as they lowered requirements so that all of the Muppetts could buy more!

>>



Im sorry you feel that way about your fellow forumites.

roadrunner

I'd bet there are very few forumites, if any, that are still playing with gold and silver futures after the MFGlobal debacle. I can see using them for hedging store PMs inventory or
something similar. Margin for the 99%ers is a fool's game.