• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

CME Raises Margins On Crude Oil, Heating Oil And Gasoline By More Than 10% Each

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Fri, 03/04/2011 - 12:18 | 1018858 TheGreatPonzi
TheGreatPonzi's picture

These attempts of the establishment to hide the exploding prices of commodities are becoming more and more pathetic. 

But the good side of the story is that market manipulation always achieves inverse effects.

Fri, 03/04/2011 - 12:22 | 1018887 Pool Shark
Pool Shark's picture

"Nothing to see here... move along..."





Fri, 03/04/2011 - 12:23 | 1018892 Robert-Paulson
Robert-Paulson's picture

perfect video response

Fri, 03/04/2011 - 12:34 | 1018954 jus_lite_reading
jus_lite_reading's picture

KABOOM!!! This is getting to the hot point now once the manipulation gets out of control!


SILVER TO $200/oz!

Fri, 03/04/2011 - 12:55 | 1019073 Dr. Richard Head
Dr. Richard Head's picture

Next thing you know, central bankers will start running over protestors - http://www.businessinsider.com/richard-neis-brazilian-central-bank-bikers-car-plow-2011-3

Fri, 03/04/2011 - 15:35 | 1019845 velobabe
velobabe's picture

yes i saw your post over on max's blog. these cyclists weren't really protesting anything, i don't think. it was a gathering of happy people on bikes. i responded in horror at the sight of this attempted mass murder by this CB of brazilo. it reminded me of boulder's thursday night rides. no protests, just gathering together on a vehicle that doesn't use gasoline to make it run. oh well, commenter's on maxkeiser.com thought it looked funny to him or rather fun for him to see people mowed down crushed under and over an automobile. i can't even watch racers go down on the pavement, it really hurts let alone on purpose. but thanks for the awareness in your posting.

Fri, 03/04/2011 - 12:35 | 1018960 bankrupt JPM bu...
bankrupt JPM buy silver's picture

I would encourage another silver hike today, that would surely blow us thorugh $36



Fri, 03/04/2011 - 12:37 | 1018971 jus_lite_reading
jus_lite_reading's picture

My calls for $40 silver in ~3 weeks is coming to fruition much faster than expected but nevertheless, signals the final destruction of the end of this corrupt system...

Fri, 03/04/2011 - 13:17 | 1019189 bankrupt JPM bu...
bankrupt JPM buy silver's picture

$104 oil=10% margin hike, makes sense to me...


I'm asumming, they will eventually ban all commodity trading sooner than later.  God Bless capitalism.



Fri, 03/04/2011 - 13:12 | 1019161 Math Man
Math Man's picture

Buying April puts on USO as we speak.  To much speculative froth in the oil markets right now.

Oil is too important to MENA economies for them to have anything other than temporary supply disruptions.

An improving economy is the only way for these countries to fix their problems.  And the easiest way for them to improve their economies is to sell more oil.

Fri, 03/04/2011 - 13:15 | 1019180 tmosley
tmosley's picture

So they are going to "wish" for the economy to improve, and it's going to happen?

Christ, you and Spalding both suffer from some serious Skittle poisoning.

Fri, 03/04/2011 - 13:20 | 1019194 Math Man
Math Man's picture

No fuck nut.  They are going to sell oil.

We have spikes in oil because production is coming off line and people fear even more may be curtailed.

But the reality is these countries can't afford to stop selling oil.  Suspending production only hurts their economies.  They have no choice but to keep selling it.

Fri, 03/04/2011 - 13:25 | 1019221 tmosley
tmosley's picture

Oh, I see.  They are going to "wish away" the revolutions, then.

You labor under the delusion that governments have total control over their populations.  This is a particularly nonsensical delusion.

Fri, 03/04/2011 - 14:25 | 1019532 william the bastard
william the bastard's picture

You comment doesn't address his in the least. Just bullshit noise for the thousand post a day gold pimp.

Don't you have a quota to fill at ronpaulforum.com

Fri, 03/04/2011 - 14:27 | 1019534 tmosley
tmosley's picture

You still haven't told us when QE will end, spineless dingleberry.

Fri, 03/04/2011 - 14:37 | 1019593 william the bastard
william the bastard's picture

Read it here blowhard. You don't want to hear it because it destroys your pissant argument. So fuck you.

Others can see it here from today's WSJ in TWO seperate articles:

Two things stand out from the European Central Bank's decision effectively to pre-announce a rise in interest rates next month



The gloves are off. The European Central Bank is calling time on the hugely accommodative monetary policy that has prevailed since 2009. Barring a fresh leg of the financial crisis, rates could rise in April.



You'll have no come back but an insult. Bring it.

Fri, 03/04/2011 - 15:08 | 1019740 asdasmos
asdasmos's picture

Will they be at positive real interest rates?

Fri, 03/04/2011 - 14:08 | 1019238 akak
akak's picture

Hey Jon Nadler, so good to see you back!

Now tell us again how gold is in a bubble, but is NOT in a bull market.

Fri, 03/04/2011 - 15:11 | 1019747 JonNadler
JonNadler's picture

you found me out Akak, yes they're all my handles I meant to change them to new ones, but since am feeling suicidal right now, what's the point.

Gold will certainly go back to 195 by the end of March, they'll be giving it away

Fri, 03/04/2011 - 14:08 | 1019430 earnyermoney
earnyermoney's picture

They'll sell oil but will they accept dollars in exchange for the oil? When that happens, you'll be walking or riding a bicycle instead of driving that red car.

Fri, 03/04/2011 - 12:18 | 1018860 truont
truont's picture

...and it won't be the last...

Fri, 03/04/2011 - 12:17 | 1018863 Turd Ferguson
Turd Ferguson's picture

Not surprising but will have zero impact.

Fri, 03/04/2011 - 12:37 | 1018961 SWRichmond
SWRichmond's picture

Just eating lunch and watching Bloomberg; across their ticker comes this gem :"Gartman: Totally 'out' of gold."

Also, some other crap about the Fed definitely stopping QE in June.

Fri, 03/04/2011 - 12:45 | 1019016 akak
akak's picture

Dennis Gartman: "Out of gold, full of shit since 1952"

Go eat some more Ho-hos, Dennis.

Fri, 03/04/2011 - 14:19 | 1019500 william the bastard
william the bastard's picture

He's right and you're wrong.

Fri, 03/04/2011 - 14:31 | 1019556 akak
akak's picture

Really, what is your damage already?

If you are going to try to defend Gartman's numerous and almost with fail spectacularly wrong calls on gold in just the last three years, you might as well try to claim that the sky is orange and that up is down.  All you do here is mindlessly attack others with NO evidence, NO facts and no logical argument or rebuttal.  You are nothing to this forum but a poo-flinging monkey.

Fri, 03/04/2011 - 15:38 | 1019863 JonNadler
JonNadler's picture

Dennis' record is more pitiful than mine Jon

Fri, 03/04/2011 - 12:45 | 1019005 william the bastard
william the bastard's picture

When QE ends, the margin calls on gold will be historic. Better hope the mideast can prolong the revolutionary flames because that's all you got right now.

Fri, 03/04/2011 - 13:12 | 1019163 SWRichmond
SWRichmond's picture

When QE ends, the margin calls on gold will be historic. Better hope the mideast can prolong the revolutionary flames because that's all you got right now.

No margin here.  The day the self-reinforcing deflation begins in the U.S. is the day the U.S. defaults on Treasuries is the day USD dies a horrible screaming death. 

Fri, 03/04/2011 - 13:30 | 1019256 william the bastard
william the bastard's picture

Then you can watch as the price of your fully paid position dropps 1/3 or more. Did you learn nothing from the recent housing crash? Or is your fully paid McMansion still sitting at 2005 valuations?

Fri, 03/04/2011 - 19:56 | 1020915 SWRichmond
SWRichmond's picture

Then you can watch as the price of your fully paid position dropps 1/3 or more.

This is the fundamental fallacy that the pro-government crowd here wants to keep in the public eye.  It is wrong, because it starts from the proposition that fiat is money, and gold is a commodity. 

Because just after your above happens, once everyone's valuations collapse, and tax revenues along with them, and fiat "cash" is once again king, how will the U.S. government make interest payments?  How will the government pay the dependency classes to not riot?  How will the government keep the troops overseas in nearly every country while contionuing to fight (at least) two wars?  If they don't print the money, and the economy suffers a self-reinforcing deflation that causes "valuations" and revenues to "crash," where exactly will the money come from?  What happens to Treasury yields when that happens, right after the rush (if there is one; the flight to safety trade seems to have failed to re-emerge)?  How does the goverment make interest payments?

And when the dollar explodes in a supernova when THAT realization is made, what happens to YOUR positions?

Fri, 03/04/2011 - 13:30 | 1019164 akak
akak's picture

Yeah, dipshit, that is why gold was only $1400 BEFORE the Middle East erupted.  Ignore that previous and ongoing 10-year steady uptrend in the price (thanks to Greenspan's and Bernanke's bubble-blowing, inflationary monetary policies).

What a loser.

Fri, 03/04/2011 - 13:35 | 1019278 william the bastard
william the bastard's picture

Its $1400 because of QE, butt-weasel. Read what I wrote and speak to me only when called upon in the future.

Fri, 03/04/2011 - 13:41 | 1019303 tmosley
tmosley's picture

Only if you show the same courtesy to everyone else.

But you never do, you little dingleberry.

Fri, 03/04/2011 - 13:43 | 1019309 william the bastard
william the bastard's picture

Who's asking you?

Fri, 03/04/2011 - 13:46 | 1019329 tmosley
tmosley's picture

Your mother asked me to teach you some manners.

Fri, 03/04/2011 - 16:21 | 1019330 akak
akak's picture

Its $1400 because of QE, butt-weasel.

What a ridiculous and desperate statement! 

AGAIN, you ignore everything that has been ongoing in the last 10 years with gold and silver, in your futile and hysterical attempt to deny reality.  Gold was WELL over $1000 before your beloved "quantitative easing" (i.e., the road to Weimar) was begun --- so try to explain to me, you liar, just why the price of gold was steadily advancing BEFORE QE was ever begun?

Honestly, this is like shooting fish in a barrel!  Really stupid, drunken, retarded fish.

Fri, 03/04/2011 - 13:52 | 1019355 Dr. Porkchop
Dr. Porkchop's picture

So without QE, somehow an ecomony miraculously springs up to smash gold prices? Where does this new healthy economy come from? Last I checked, all the toxic waste is still there on the books, marked to fantasy, housing a disaster, jobs a disaster, debt - up to eyeballs, states - bankrupt, munis - bankrupt, banks - insolvent. There seems to be real growth in trolling though, I confess, it's not all no-growth.

Fri, 03/04/2011 - 13:56 | 1019377 akak
akak's picture


Fri, 03/04/2011 - 14:39 | 1019605 william the bastard
william the bastard's picture

Your contribution to this board is a real mind melt.

Fri, 03/04/2011 - 15:18 | 1019777 tmosley
tmosley's picture

It doesn't take much for you, does it?

Fri, 03/04/2011 - 15:37 | 1019857 SheepDog-One
SheepDog-One's picture

LOL, if and when QE stops, equities will plunge like mad! 

Fri, 03/04/2011 - 13:17 | 1019188 TradingJoe
TradingJoe's picture

Hah! Turd! Almost in the money on your April 105 Calls, eh! Some loser below is shorting USO hehehe, soon to be a crying fuzzy!

Fri, 03/04/2011 - 12:17 | 1018865 Id fight Gandhi
Id fight Gandhi's picture

When was the last time they raised it on ES?

Fri, 03/04/2011 - 12:18 | 1018868 Ancona
Ancona's picture

Silver will probably be next. In fact, I'll bet a dollar Blythe is on the phone right now, simpering and begging.

Fri, 03/04/2011 - 12:21 | 1018881 TheGreatPonzi
TheGreatPonzi's picture

I'm ready to bet with you that there's gonna be a gold and silver margin hike until next month.

Fri, 03/04/2011 - 12:27 | 1018913 pendragon
pendragon's picture

yes there will be a silver margin hike very soon. no conspiracy just that vol has exploded

Fri, 03/04/2011 - 12:28 | 1018930 Robot Traders Mom
Robot Traders Mom's picture

I hope they do because if you truly hold physical gold and silver, you want strong hands there as support (other physical holders). I would like to see all the speculators washed out that don't actually own shit so the volatility lessens and we can gain more of a clue to how much time is really on the clock in this end game.

Fri, 03/04/2011 - 12:38 | 1018974 camoes
camoes's picture


Fri, 03/04/2011 - 16:09 | 1019989 IQ 145
IQ 145's picture

 I'm in sympathy with your position; I don't think it's desirable to "wash out" all speculators; but thinning down the crowd is probably good for the price discovery mechanism, as you say. Especially some young financial "gunslingers" who could find something else to do besides playing "commodity".

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