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WTF !! CME Hikes Gold, Silver Margins By 18.5% !!

 
Anonymous Coward
User ID: 37694716
Mexico
04/15/2013 06:52 PM
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WTF !! CME Hikes Gold, Silver Margins By 18.5% !!
[link to www.zerohedge.com]


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.
Anonymous Coward (OP)
User ID: 37694716
Mexico
04/15/2013 08:24 PM
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Re: WTF !! CME Hikes Gold, Silver Margins By 18.5% !!
SILVER DOWN AGAIN !!

wtf
Anonymous Coward
User ID: 10035510
United States
04/16/2013 09:14 PM
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Re: WTF !! CME Hikes Gold, Silver Margins By 18.5% !!
What are the absolute margins? Everyone keeps talking about a percentage change in the margins.

When the margins hit 100% absolute, we can have a more transparent market again.
Anonymous Coward
User ID: 10035510
United States
04/16/2013 09:14 PM
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Re: WTF !! CME Hikes Gold, Silver Margins By 18.5% !!
What are the absolute margins? Everyone keeps talking about a percentage change in the margins.

When the margins hit 100% absolute, we can have a more transparent market again.

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