CME Group Announces Money and Margin Requirement Increases
Sur le trading des MPs
http://jsmineset.com/2010/11/09/cme-gro ... increases/ ......Fifthly – to believe that the bull market in the metals is now over and that gold in particular has topped, is to also believe that the US Dollar is about to somehow mysteriously repair itself in spite of the conditions that have been contributing to its recent decline.
Gold is acting as a currency and will remain one. It is no longer trading as a commodity. Severe stress in the global monetary system assures that it will be well supported.
Sixthly – the breakdown in the long bond is signaling that the market is fearful of inflation ahead.
Gold and silver are your protection against such conditions.
Here is the announcement, which has sent silver down to $26.50...
CME Group to raise silver margins by 30 percent
NEW YORK, Nov 9 (Reuters) - CME Group said on Tuesday it will raise its silver futures trading margins by 30 percent to $6,500 an ounce from $5,000 an ounce effective Wednesday.
U.S. silver futures surged as much as 6 percent before retreating, with volume rising to an all-time high on Tuesday, boosted by extreme price volatility and possible short covering, traders said.
Exchanges often raise margins to mitigate risks as price volatility increases.
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