Rumors of a margin call ppls... it's going down!
http://economictimes.indiatimes.com...d-silver-prices-tank/articleshow/19554231.cms
http://economictimes.indiatimes.com...d-silver-prices-tank/articleshow/19554231.cms
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Shanghai Raises Gold, Silver Contract Margin Requirement??
- Thread starter thatguy
- Start date
That's really laying the boot in!
http://www.irishtimes.com/business/...s-demand-for-haven-assets-contracts-1.1360706Data today showed China's economic growth unexpectedly slowed in the first quarter. Gold in Shanghai last fell by the exchange-imposed limit in August 2011, after CME Group Inc. raised margins on New York futures for a second time in a month.
fiatphoney
New Member
Unbelievable
http://www.zerohedge.com/news/2013-04-15/cme-hikes-gold-silver-margins-185
CME Hikes Gold, Silver Margins By 18.5%
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.
CME Hikes Gold, Silver Margins By 18.5%
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.