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title says it all
Can't hike forever, you'll surpass 100%. They have to occassionally lower margins so they can go on another margin raising spree later when price is rising uncontrollably.
Or perhaps they want to attract more investing in gold to move investment away from silver?
I didn't know you could speculate in corn dogs.
corn gold dogs....
they would allow a ramp up.. with the market(s) crashing soon(ish).. so that when they pull the rug out from retails feet next time.. they may create larger panic than this go round.. is the goal.
They keep pretending that this problem can be solved like in the 1980's.. it can Not! be solved with the same game(s).. which leads us to an eventual confiscation by the Federal Government.
Not trying to be alarmist here. But just listened to Jim Sinclair's latest (16 June) KWN interview. I've never heard him this worked up about the current state of financial affairs. He feels we could well be at the cliff's edge.
Precisely - if it were about what i prefer, then they should hike ALL margins to lets say 50%, and then make that the minimum. This way, only something like a badass crash/surge could trigger margin hikes.
Rick Rule see's current gold prices as a floor due to scheduled mines coming into production being based on $1400 gold. Also see's Mexico and Indonesia ceasing to be oil exporters within 5 years.
Not really. It's not the margin level that is important, it is the fact that it doesn't change every damn day. They need to manage their risk, but they need to do it in a way that makes sense, not by changing the rules every 24 hours for a week.
Full agreement.... which is the reason for my above post. Margins simply shouldn't change except of in highly unusual situations - and for this to work, margins need to be high enough to cover "almost everything" to begin with. Margins simply shouldn't go as low as they currently are.
Did they ever pull back on silver?
I don't know if they will. The inventory is dropping like a rock.
That's what happens when you put something on clearance sale.
Higher margins a'coming...
Anybody else read that headline as corn dogs?
For a second, I thought things were getting serious.
people would grab their "sticks" and head for the streets!!
Dam Weiner jokes....
dollar devalution shortly....gld had formed a pennant(for analyzing purposes only)...gold to the moon
I see more food price inflation on the way. This is a pre-emptive strike courtesy of drought and floods in all of the wrong places, (and the certainty of more QE in some shape or form).
"Paper food" ETFs might be for you (ticker symbols below):
DBA: several different food commodities
JJG: grains only
CORN: corn only
I believe all are unleveraged.
Let's see how long such benevolence and charity on the part of the CME lasts.
In the meantime, Greece is a true land mine but not an actual threat to the integrity of the Eurozone, according to Fitch (yes, the same Fitch that rubberstamped dumpster grade mortgages as prime&plus for Goldman & John Paulson), and assuming such rubbish had an ounce of integrity, there's no follow up mention of the monsters much larger than Greece still lurking underneath the bed (and fiscally just as FUBARED):
If Greece is all that, I can't wait till we get on with the remainders of the alphabet soups that is PIIGS+UK, and I'm sure that neither can you.
maybe the starting point for a continious controlled increase of gold price
Its the catalyst for the big move down when QE2 finishes in the end of june. COmex wants to make it easy for the little guy to short called with fewer margin requirements. SO beccause a leg down is coming for sure, they lowered the margins.
When the gold inevitably rises in autum they will increase the margins once again.
I heard that Paulson got on the blower today and told em he needs to find a home for his gold tonnage
Gold is the logical place for them to funnel inflation that will eventually raise the value of US gold reserves to a point where they will balance out the US debt. Eventually the Fed and the Treasury will figure that out. High gold prices = US solvency.
If the gold is still at Ft. Knox. There have been many articles about the fractional gold system. That gold may have been borrowed or pledged by TPTB.
only if you have gold
do you punk do you have gold
i mean the US govt, not you personaly
Yeah, punk, if US.gov will ever need gold they will
get it one way or the other. They can simply knock down
miners like they doing it lately, and buy few of them
for fraction of the cost and get Gold at production cost,
simple as that. Or confiscate it from ZH punks
for $20/oz (set and release price) :))) *LOL*
Yes, nationalizing the miners is something they will do and probably put a huge tax on precious metals sales and whatever other things demons "attempt" to do. But, their days are numbered. Just think Romania 1989!
Tuco Benedicto Pacifico Juan Maria Ramirez
Then it's off to the black markets.
No way they'll get much of the gold in private hands. FDR only got some 10% I read.
I also concur that the demons' days are numbered, but it might be messy along the way.
Actually, no. I don't think they have any. After seeing how willing they were to dump US paper on the market to save the banks, I have no doubt they were just as willing to dump gold to protect that idiotic carry trade that was going on.
which is why i encourage the gov to sell all its gold now! get that gold into the hands of the people!
Dr. No, I don't know if you met Goldfinger before his unfortunate exit from his jet, but in any case you should know that there is no gold in Ft. Knox. On June 23rd congressman Paul is going to have a committee meeting with some bureaucrats and push for a real audit of Fort Knox. Last audit of Ft. Knox was in 1953 by order of President Dwight D. Eisenhower. In 1974 six congressman and one U. S. Senator got did a PR walk through of Ft. Knox but that was it. (I wonder if that pool table is still in there, the one that flipped over and had a miniature model of the Ft. Knox grounds?) Anyway, there is no there, there except for those two one gram pamp suisse gold bars (one missing its assay card) that I have been telling people about.
this is absolutely not the plan...but I wish it was because I'd be rich, rich, rich richer than my wildest dreams!
rich? rich? so what? what good are riches when fukushima is fuking the people, the pacific, the marine life, the west coast, and more? what are riches, anyway?
riches are a healthy, happy family!
anything outside of a healthy, happy family.. that a man is lucky enough to enjoy are truly blessings of the Republican Party.
plus loving and being loved.
yeh but at least I'll be turning high class whores every night
Quinvarius may be on to something....
+ $1530 today on FOFOA
+ $55,000 in 2 - 3 years?
55K is a bunch of coconuts...
So I guess the plan is to lower margins on gold, sheep/retail wade/pile in - Greece defaults around 6/21, Banks bail/sell commodities to cover CDO collateral (over the course of 3 weeks), some money rushes to Amerika, stocks, dollar increase in value briefly - China buys all commodities at discount with Treasuries that briefly increase in value due to Fed capping price - and then it all falls apart around August when CONgress/SINate can't get together on the debt ceiling/budget. Everybody then moves to Australia/China/Canada.
99 bottles of beer on the wall, 99 bottles of beer...take one down, pass it around 98 bottles of beer on the wall. Rinse, Repeat.
Keep stacking the physical. Party is almost over.
Who knows but people tend to underestimate the power of central banks - even in this incredible f.... mess it's likely to kick the can down the road again for months... I rather tend to see hyperinflation accompanied with a hard landing.
its a lock
I agree with you both.
Protect yourselves with gold. The best wealth preserver in town.
If you see a grim future, get started ASAP on survival preparations as well.
Food & water, guns & ammo, meds & first aid kit, etc. A big job.
Read all about it at my blog. Send me a gmail and assure me you will behave and I will send the link (I ask this as I use my real name there).
Keep stacking the physical. Party is almost over.
It's so nice of them to put physical Silver on clearance sale, BTFD!
If I recall correctly ES margins were lowered at the end of May...
COMEX lower the gold margin is because of the competition from Hong Kong. Hong Kong market has less manipulation. Now Comex want to lure traders back.
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