posted on Nov, 4 2011 @ 09:49 PM
Originally posted by St Udio
Because as of close of business on November 4, today, the CME just made the maintenance margin, traditionally about 26% lower than the initial
margin for specs, equal.
the Mercantile Exchange raised the initial margin??? ... by 74% ???
is that what your saying?
well that would take all but the well financed Big Boys out of the futures wouldn't it
silver margins were raised 5 times in one week...then the silver market got contained
the gold margin was raised only once... & has yet to go berzerk & volitile , probably because the CME is holding a margin increase hammer over the
now all commodities are going to have a 100% margin requirement for a bettor to participate...
i'm gonna play DZZ, SKF, SKK, SDS, SJH... and a few others on monday
edit on 4-11-2011 by St Udio because: (no reason given)
sept 26, 2011
CME, the world’s largest futures market, said it will increase the collateral requirements for gold by 21pc, silver margins by 16pc, and copper
margins by 18pc.
This means that speculators investing in the benchmark gold futures contract, which is based on 100 ounces of gold, will have to deposit $11,475 to
open a position. For silver, the minimum cash deposit was raised to $24,975 from $21,600.
After the initial sharp fall, the gold price recovered slightly to trade $35.38 lower in mid morning trading at $1621.43.
CME raised gold margins twice in August, with such increases are usually related to an increase in volatility, where losses on investments can occur
The gold price has also been falling recently as the dollar price strengthened on renewed risk aversion.
Just thought that i would give a little correction