This page has been archived and commenting is disabled.
CME Hikes Yen, Nikkei Futures Margins By 19%-33%
Two years ago, warning of a bubble in gold/silver/PMs was all the rage. Luckily, those days are long gone, allowing one to accumulative hard assets in peace, in a declining paper price environment, without the thundering herd in the rearview mirror. Nowadays, the ever-"vigilant" mainstream media has moved on, and has been so very observent to spot a new bubble in bitcoins. As we always do, we decided to have some fun at the MSM's expense, and tweeted the following earlier today:
USDJPY showing Bitcoin who is boss in category of parabolic moves today
— zerohedge (@zerohedge) April 4, 2013
It appears the CME heard us, and moments ago proceeded to hike margins across the entire Yen future spectrum by anywhere between 19% and 33%.
Among the products whose margins just shot up are Yen Futures, the E-Mini and Micro Yen, as well as AJ, BY and CY. And just so it was clear that according to the CME the next bubble forming is in all things Nikkei related, it also hiked by 25% margins in the E-Mini Nikkei 225 Yen Denominated contract, as well as the plain vanilla Nikkei 225 and the N1 futures.
So the CME has now spoken. How long until it is forced to unwind its margin hike after it is made clear to it that in the pursuit of the global 'wealth effect' all is fair and forgiven. Especially, now that it has been made very clear to Japan that after 30 years of deflation, all the country had to do to get "wealthy" was print 15% of its GDP each year in new money...
»
- 7954 reads
- Printer-friendly version
- Send to friend
- advertisements -
YC you ok?
Long usd/jpy from 93.30.
I am long USD against all pairs because there will be one or more of the following:
a) War somewhere
b) Market correction/selloff
c) Another European issue (take your pick)
d) Alien Invasion
Can having a little "fun" be all it takes to tweak the CME?
Tyler's, let's have alot of "fun".
Wang Chung - Everybody Have Fun Tonight
http://www.youtube.com/watch?v=BoXu6QmxpJE (4:17)
Wang Chung - Dance Hall Days
http://www.youtube.com/watch?v=V-xpJRwIA-Q (3:58)
I'm waiting like a hawk for a pull back...
Nice piece here from Kyle Bass on the state of Japan, well worth listening to. Sums a lot up. Sorry if it's been linked to on ZH before.
http://www.youtube.com/watch?feature=player_embedded&v=ZY6IEpKRA7Y#!
I like his opinion around 25 min mark that war will probably be inevitable and 46.5 mins someone asks him if he would buy gold and bullets - he advises selling yen and buying gold as the best single investment!!
CME.......We need some PM margin hiking!
and crush some paper shorts.......who's with me?
Meanwhile the NYSE has lowered the margin on stock futes to negative infinity bitchez.
But the CME is reducing daily market-wide circuit breakers in equity futures to 7%, 10% and 20%...
I'm sure this is put in place to merely stop a rally and protect the shorts, right?
protect the shorts, that's a good one.
"after 30 years of deflation, all the country had to do to get "wealthy" was print 15% of its GDP each year in new money." - Another walking contradiction, so thirty years of printing leads to deflation? I don't fucking think so. What is food and fuel now, compared to 30 years ago? Morons.
Would the person who down arrowed the above comment like to state their reasoning?
The people of Japan have seen their disposable incomes evaporate.........in 'deflation' .....right.
Some long gold bug about to be smashed.
give me just one more flush in gold down into the mid 1400's. Break 2 major supports, have everyone dump their shit so I can once and for all fully jump on board for the ride to $2800.
http://fiatflaws.blogspot.com/
Made 'money' today. I'll return to 'work' on Monday and do the same.
More and more flock to bitcoin. New threads every minute by people interested in money without government. Without banks.
http://bestbitcoinsites.wordpress.com
A Japanese guy walks into the NYC currency exchange with 5,000 yen and walks out with $52. Next week he walks in with 5,000 yen and gets $45. He asks the lady why he gets less money this week than last week. The lady says "Fluctuations." The guy storms out, and just before slamming the door, turns around and says: "Fluc you Amelicans too!"
Nice. Too bad nobody I know will get that.
Oh, look, moar corruption and scandal, imagine that!
http://www.theblaze.com/stories/2013/04/04/massive-secret-file-leak-exposes-offshore-companies-global-impact/
As it seems everyone's listening to the Tylers these days, could you guys please ask TPTB to GET THE HELL OUT OF OUR WAY!!! so that as free individuals we can rebuild our lives, our economy and our society?
It's time to separate the economy from the state.
Evoorhees.blogspot.com
Seperation of money and state leads to seperation of economy and state.
Starve the parasites... use bitcoin damnit.
CME: Slowly choking itself into irrelevance through margin hikes. In a year or two it will be all cash, no margin. Bring it on, I say.
Long wheelbarrows.....
What Libor scandal?
Damn it Tyler. You are a real troublemaker!
Please continue!
So we could say that central bank money printing increases volatility.
Couldn't we get rid of a lot of volatility by getting rid of the FED, the CME, and all the other meddling interlopers?
It seems all they really do is protect the big money players while punishing the average investor and saver.
I mean, I read this page from the CME and it just sounds like a bunch of complete bullshit:
http://archive.opnmkts.com/clearing/understanding-margin-changes/
But won't they have to print even more next year and the year after and so on. I don't get it. What exactly are they trying to do?