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oops I dit it AGAIN. CME HIKES GOLD AND SILVER MARGINS ALMOST 20% TODAY! Gold and silver keep CARSHING
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[quote:Anonymous Coward 37919561:MV8yMjA0NTY5XzM3MzI2NDY4XzE0NUI5NDc2] The CME announcement says the hike is on short accounts, not long. How is this bad for metals? [/quote]
As we predicted several hours ago, adding insult to injury and likely intensifying the gold and silver smash over the next 48 hours, the CME has just announced an 18.5% margin increase in both gold and silver, effective after the close Tuesday 4/16.
As the margin calls-induced slaughter intensifies, expect the CME to hike margins again in a vicious negative feedback cycle until margins equal cash.
From the CME:
Those holding paper forms of gold or silver may want to keep your iphones handy tonight, those holding physical metal in your own position can be right and sit tight while the cartel burns the paper futures markets to the ground and go massively long just in time for the big Western financial reset.
link to silverdoctors.com
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