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Re: Look who is trying to KILL GOLD!
Originally posted by Mega View Post
AND THE 'FIX' IS IN!
(g_d_mmitt - i knew i shouldve sold everything on 3jan...)
looks like the reality of all the bernankebux is begining to sink in, eh?
maybe we'll see a nice drop (read: buy-in oppty) - is this start of the move to the lowpoint that EJ mentioned?
whats the braintrust think here?
Inflationary Guerilla Tactics Resume As Comex, Nymex Hike Margins On Gold, Silver, Cracks, Spreads And Other Products
Submitted by Tyler Durden on 01/20/2011 20:11 -0500
Wonder why the smart money was rushing headlong out of gold and silver over the past few days, and especially today in the AM session? Here is your answer: in tried and true fashion the Comex just hiked margins in gold, and silver by about 6%, and threw in a few other commodities to mask things up. And unlike the last time it did it, when it could at least pretend to justify its actions with the surge in gold price, this time with the PM complex dropping, we wonder what excuse the CME will use this time. Initial and Maintenance margins were just increased in everything from 10 Tr Oz Gold Futs, Comex 100 Gold Futures, Comex Miny Gold and Silver, E-mini Gold and Silver, Comex 5000 silver futures to Silver trade at settle. Also added were Copper, Iron Ore, propane, butane, and other nat gas. Most notably, and confirming that the administration and the money printing authorities are terrified by the surge in crude, the CME also hiked margins in various refined products and coal. The official scramble to "contain" the aftermath of Bernanke's lunacy is accelerating. We wonder when REDI, Prime Brokers and E-trade will comparable collapse purchasing margin for stock trading accounts. Of course, as with all other such superficial market interventions, the impact is shallow and is overrun in a matter of days.
And no...there was absolutely no leak this time. We promise. -
Re: Look who is trying to KILL GOLD!
http://www.kitconet.com/charts/metal...go_0030_ls.gifOriginally posted by Mega View Post
and silver lease rates kranked up (again) in advance of this last night - comments?
does this mean those in the know borrowed silver in advance of the news and will return it at a lower price to skim the diff?Comment
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