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Caution: Another Gold Margin Hike Imminent
Just like Interactive Brokers predicted 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.
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or not. Funny how the Dow seems to slam into a ceiling every time the POO hits about $110/bbl.
When Brent breaks into it's next trading range it's going to stress the instrials mightily.
I can smell the fear of TPTB. Gold has become a sore thumb, a mark of their failure to drive the sheep over the cliff. THere's money in gold now that they want to get their hands on. So they're resorting to scare tactics. How dare people have a choice? How dare they have an alternative to trusting Wall Street and zombie banks with their money??
It's time for ABC investing - Anything But Cash!
"data from the past two months suggest that the inflationary big one may be upon us."
"demand deposits at commercial banks have grown sharply over the past few months, matching the aggressive growth exhibited back during the panicky days of late 2008"
http://mises.org/daily/5574/On-the-Brink-of-Inflationary-Disaster
Gold could very well blast to new highs come October.....what a nice strong bounce this morning....
I thought you were bearish on Gold yesterday. what happened - you change mind a million times a day ?
I was recommending puts....and if you recall the bloodbath in the last two days.....I was correct.
Now run along little one....
And your puts would be out of money by now since you were recommending yesterday.
I don't want to beat my chest but you can dig up my calls on Gold, and FYI I am not even a trader.
This has come up a few times on here, and I can't help but ask...
If you're not a trader, why waste your time on a site like this? I follow this site because it has the freshest, fastest news, and it is making me money. And the comments are entertaining.
..some nice avatars, too.
Um...guys? Can you say, caught with your hands shoved into the core of the 'supremely critical' liquidity mechanism? Can you say, systemic risk as deliberate and criminal conspiracy?
http://www.bloomberg.com/news/2011-08-25/bank-of-america-citigroup-depre...
BofA, Citigroup Are Accused by Schwab in Suit of Manipulating Libor RatesBy Thom Weidlich - Aug 25, 2011 1:03 PM ET
Charles Schwab Corp. (SCHW), the largest independent brokerage by client assets, sued Bank of America Corp., Citigroup Inc. (C) and other banks claiming they manipulated the London interbank offered rate, or Libor, starting in 2007 in violation of U.S. antitrust law.
The banks conspired to depress Libor rates by understating their borrowing costs, thereby lowering their interest expenses on products tied to the rates, according to the lawsuit filed Aug. 23 in federal court in San Francisco, where Schwab is based.
The banks “reaped hundreds of millions, if not billions, of dollars in ill-gotten gains,” Schwab wrote.
The banks didn't reap any ill gotten gains. They simply booked profits that turned into massive losses which are now sitting on their books stinking up their living room.
Everyone knows libor is bullshit. Just look at Llehman collapse. They were living and breathing off of overnight loans. And everyone in the central bank game was feeding off the same trough. Till it collapsed.
It's the same with GOFO. It's created the gold and silver mess which is coming home to correction.
Can we stop the margin hike conspiracy theories? This is really getting embarassing.
There's a short for every long in futures markets. A margin hike will hit shorts just like longs and not have any net effect on prices.
This theory assumes that each short and each long are separate entities, with separate interests. It assumes that there is no collusion (conspiracy). But, if there is collusion (conspiracy) those not "in" on the play, will be shorn. Thus, the moniker "sheep".
Ever been to an auction when the house was bidding up the prices? It's really a very old game.
Which is why it goes down every single time it's announced.
Oh, wait.
If there was an equal amount of shorts/Longs the price would never change ? The price has been going up, so obviously there are more longs.
Waiting for your retort !
No leak this time ? CME doing a double reverse PSY-op covering their misdeeds. ?
I'm sure JPM has as much difficulty coming up with freshly digitized FRNs to cover their shorts as all the longs do, right?
If they hike it 4 more times, where is the buttom Dip....
Hate paying more then I should...
OH WELL...Thinking LONG TERM
Today is Day 24 of the JPM:SILVER ratio being negative. Still no luck pushing silver down below $35.83.
Suck on THAT, Blythe.
No but they did get it down below $42......and that is what they wanted.....lots of options were in the money at that price....they could not deliver on those....
I'm not trying to be a pain, but the information you refer to - that $42 was the important option expiration number - what is it based on? Where are you seeing that most call options bought or sold had target prices above $42? And once that is known, is there a way to determine which commercial seller is on the other end, with an obvious interest in keeping the price below that $42?
It will just mean the next rise will be a rocket launch with no margined holders left to squeeze
I am really and truly impressed with the comments today. Everyone realizes this is nothing but manipulative crap, and everyone is going to buy this dip. I'm reminded of Les Miserables:
I feel the total opposite.
All it takes is an article about the CME, the COMEX, margin hikes, or basically anything about the gold/silver market, and I'm reminded that the doomer PM community is the most ill-informed, gullible, brain wash-able and naive group of investors across all markets.
It's absolutely laughable. And you, mosley, are probably the worst of them all.
I was expecting you to blame the margin increase on Libertarians but I was pleasantly surprised.
I was wondering if you would care to comment on why exactly you changed your userid. You seemed very invested in your Red Neck Repugnicant identity.
You forgot "wealthy".
Face it, you've lost. You keep trying your best to jawbone, but it doesn't work around here. The fact that we have made money doing what we are doing makes us right, and makes those who have been making dumbshit, griefing comments like yourself wrong. Why don't you take your protools and go troll the Yahoo boards? I'm sure they would be much more likely to fall for your lies. Or do you already have those guys taken care of?
Every time they hike margins, they strengthen the hands of those that remain. And if they do it like silver (and they also had the "capture" of Bin Laden on their side last time as well), they'll just breed a more virulent strain of speculator, one that won't be shaken by some margin hike.
Sorta like the way bacteria get resistant to antibiotics. And then nothing can cure the patient.
So, bring it on, I want to see these guys when they realize they can't do anything about it anymore.
This finacial sytem is a fuckin disgrace. Shake out the week hands so that only the banking cartel can control metals by and through the money given them by the courrpt Federal Reserve. That my friends is where we are heading and this is the beginning of Gold confiscation.
How's that silver margin hike thingy working out for Blythe and her monkeys? Looks like a big wave came in today.
Worked pretty well for her, I would say, considering we have yet to re-approach $50.
Of course, it has worked out the BEST for those who are continuing to accumulate physical, myself included.
Close to $2 up on an OPEX day is a bit of a nasty for the house though.
Silver works differently than gold. When silver runs again and it'll run again. It'll got straight for 120. Then crash back to 80 or 90 and hold there till next run.
Silvers less above ground supply and works more on mining than on raising price to open up supply.
So all these rosey silver prospectus's from the silver miners are simply a release of strategic above ground reserves that will buy time but not space. So special relativity fucking incoming in 3... 2.... 1.... month?
This is a "one and done". Have your fun CME. Your 15 minutes are just about up.
Reminds me of the English King who sent men down to the shore to flog the ocean.
It's giving me a hardon!
This last half hour is going to be exciting....I think
Not good----Greenspan says that there is "No Gold bubble"
No Gold BubbleGreenspan also said that he did not think gold, which reached a record above $1,900 an ounce this week, was in a bubble.
“Gold, unlike all other commodities, is a currency,” he said. “And the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”
http://www.bloomberg.com/news/2011-08-23/greenspan-says-the-euro-is-breaking-down-may-harm-stock-prices.html
When Greenspan makes a statement like this, you have to pay attention because you know everything these criminals do is calculated for maximum looting of the public!
no he´s damn right this time
FUCK THIS SHIT. At some point there is going to be the paper (bullshit) price and the physical price and they won't even be close. Kind of back in the day when US dollars traded 10x over the official price in the back alleys of Iraq.
Look for the day when they try thier confiscate gold idea for paper gold to be at say $1k, and real gold at $3k.
Buffett to Host Obama Fundraiser in New York By John McCormick and Jonathan D. Salant
http://www.bloomberg.com/news/2011-08-25...
Never ends to amaze me what people will do for $$$$$$
hahahahahahahahahahahahahahahaha...
Yeah, bring your sweet selfs to duh 'hood. We'll be waiting for ya CME Beeches.
Gold going vertical as the guests on Fox (that deal in paper by the way) wink, wink ! are telling everyone to stay away !
WOW! Way cool! so you think the "price in FRN's" is gonna drop? SWEET!!!
Maybe silver too? Pleeeeese?
All the dumb fukks that are hanging on to the existing system...Enjoy the ride DOWN.
Bullets, Beans, Bullion, whatever...Bitchez!
CME has no bullets left to knock down silver. Gold is being knocked down now and silver has come with it. But once both Gold and Silver are maxed out on the margin rate hikes than there will be nothing to stop this train.
How about with 80% required margin? Or only allowing sales and not purchases? They have done it before with silver, and nobody got punished for those actions - in fact they were probably praised for saving the markets from "irrational volatility" - so what makes you think that they wouldn't do it again?
Pfft. 80% required margin? Doesn't mean much to those who buy with physical FRNs at 100% of the price and walk out with metal in hand.
My silver's starting to act like gold!
Why don't they just get some erstwhile corrupt bank to sell naked shorts to itself in sufficiuent quantities until the desired crash price is reached..Im sure the they could rig it with the aid of the CFTC.
What a racket....how many cme insiders go short a day or so before these margin hikes get announced?
Anyone?
Anyone?
All of them, thats the only way they can make money. 90% of them are uneducated morons. Fraud and manipulation is their only way to earn a living.
The only way the moneychangers can win at anything is by manipulation. Bring them on, you will see that with Gold, unlike Silver, it will not matter.
What is rather confusining is the total lack of reporting in the media that margins are not being manipulated in stocks and treasuries. Its ok for Google to trade at $600 a share but not Gold at $2000 which has been real money for 6000 years.
Once a great country, now a big con from DC to NY to the sewer in Chicago.
Main Stream Media is simply another term for Bankster Sperm Bank.
Looking back on the recent rise and subsequent correction in Gold, it's the liquidity crisis in Europe coupled with negative rates in Switzerland that rocketed the gold price. Margin hikes are meant to prevent that negative rates go below the bullion lease rate.
LOL yea, just look @ *8ball... the black ball is the target. :D Let the system fall. Good riddence, but beware of the NWO, one world banking system and the accompanying TUCYA (The "tracking" chip up yer ass)... it's coming. Resist Globalists!
Hell no I´m going to short gold today. The Bernank is going to open his mouth!
I recall some one said that it is not fair to change the rule after the game is started...
I think ZH got this one wrong. The notice from IB was to inform traders of the pending Thursday night margin change in gold, which was already announced. So IB isn't getting ahead of the next margin change, they are simply warning their customers that the margin change announced on Tuesday evening will take effect and to adjust portfolio's accordingly.
IB also doing/did this with the recent oil margin increase.
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