Margin Requirements

[Grog]

So, metals had a good run this week and ended Friday fairly strong. Gold is about to pass up Platinum again. :) I'm guessing that the margin requirements will be raised again this week or next; and this will provide a purchasing window. They beat down Silver pretty good with multiple rate hikes but Gold seems un-phased by their recent efforts. (I was kind of surprised they didn't double hike Gold like they did to Silver.)

Thoughts?

[Plastic]

Expect more rate increases for both gold and silver just before QE3 gets announced. They have no choice but to kick the crap out of the metals before hand.

Or.. for your orcish self...

Lat kan egspekt dem skah-heds tu yncreece dah raytez fur ull da shinies jusd befur dat kuu-eee gahk geds blahed. Dem habs nub choyse bud to klomp da skah owd ub da shinies befur pawz. :P

Hoowah!

[osoab]

Interactive Brokers Warns Gold Margin Hike Imminent, CME Next? (http://www.zerohedge.com/news/interactive-brokers-warns-gold-margin-hike-imminent-cme-next)


The last one was priced in in 2 days. It was last thursday or friday when it took effect on COMEX. At the end of the week Au still finished positive. Look what happened one week later.

London fix prices shown.

http://www.kitco.com/LFgif//auaug11.gif

[Plastic]

Hell yah Oso, the latest rate increase on gold was like a drunken wizard casting a spell. *fizzle*

[osoab]

Comex settlements for today. http://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html

December is the next delivery month for gold. Biggest volume there.

Month Open High Low Last Change Settle Estimated Volume Open
Prior Day Interest

DEC 11 1827.1 1881.4 1824.5 1852.0 +30.2 1852.2 279,703 368,836

Barely in backwardation with the spot price above. 1853.10