More gold margin hikes coming...

[ximmy]

Caution: Another Gold Margin Hike Imminent


Just like Interactive Brokers predicted (http://www.zerohedge.com/news/interactive-brokers-warns-gold-margin-hike-imminent-cme-next)the last CME margin hike with 100% precision, here it comes again. It is now all too clear that the CME risk managers have decided to do to gold what they did to silver: namely shake out the weak hands with as many as 5 or more margin hikes in a row. Since everyone else is all cash, the CME's attempt to manipulate the market is coming to an end.


To HKMEX,NYMEX,NYSELIFFE traders:

Thu Aug 25 13:54:57 2011 EST

As a result of the continued volatile trading environment, please be advised that exchange margins and/or house margins are likely to increase overnight and over the next couple of days, particularly in the metals. For exchange specific increases, please visit the respective websites. IB will also be increasing the gold derivatives margin. Please monitor any affected holdings closely and manage your risk accordingly.



http://www.zerohedge.com/news/caution-another-gold-margin-hike-imminent

[Glass]

Paper traders are the only ones affected. That's a shame isn't it?

[1970 silver art]

When gold starts running again towards $2000, then it would not surprise me to hear announcements of more margin hikes for gold. They cannot allow gold to go to "da moon". I suspect that $2000 gold will be like $50 silver in the sense that there will be a lot of resistence at that level and, as a result, gold will end up NOT hitting $2000 in 2011.

[Grog]

It will become very emo at those levels. Lots of MSM drama but not really anything of subsistence. There are only so many bullets in the margin gun. It can only go to 100%. (won't get close either).

But yeah 2000 is emo. Just like gold busting platinum's chops. Gold is always a bit behind platinum, no matter how bullish the market is. emo. We need to mail TPTB some black eyeliner. LOL