CME Cuts Gold, Silver, Platinum And Copper Margins

Tyler Durden's picture


It has been so long since the CME cut gold and silver margins that frankly we are a little bit stunned... In an extended announcement, which saw outright margins for virtually every commodity get cut, the CME just lowered Initial and Maintenance margins of gold (by 12%) and silver (13%), to $7500 maintenance for GC and $16000 maintenance for SI. Did the paper bull trap season just open? And how long before these are re-hiked by 15%, 20% or more? For now, however, this is certainly near-term bullish.


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Thu, 02/09/2012 - 18:04 | 2143702 JLee2027
JLee2027's picture

Sign that COMEX is dying off because they failed to protect MF Customers?

Thu, 02/09/2012 - 18:06 | 2143707 LongBalls
LongBalls's picture



Thu, 02/09/2012 - 18:15 | 2143749 knukles
knukles's picture

Yowza!  Buy dem clients back whose wents elsewere.

Thu, 02/09/2012 - 18:35 | 2143795 Pladizow
Pladizow's picture

Kaaraling the heard?

Like a dealer offering free drugs - Its best to decline the offer!

Thu, 02/09/2012 - 18:40 | 2143828 gmrpeabody
gmrpeabody's picture

I'm not getting it.... but I'm only a dog.

Thu, 02/09/2012 - 19:08 | 2143904 AldousHuxley
AldousHuxley's picture

12/2010 - 12/2011 BLS inflation CPI-W


Food at home..............................6.1
Motor fuel................................ 10.3
Thu, 02/09/2012 - 19:27 | 2143974 Troll Magnet
Troll Magnet's picture

Paging Mr. Celente...Mr. Gerald Celente...You may begin stacking paper again, sir.

Thu, 02/09/2012 - 20:15 | 2144103 trav7777
trav7777's picture



"TPTB" want to kill all the goled

Thu, 02/09/2012 - 20:20 | 2144114 akak
akak's picture

It's baaaaack .....

Thu, 02/09/2012 - 22:21 | 2144428 Comay Mierda
Comay Mierda's picture

Ah fuck, there is another MF Global brewing

Fri, 02/10/2012 - 00:09 | 2144702 RockyRacoon
RockyRacoon's picture

It's easy.   It all boils down to these three little words in the article:

...paper bull trap...

Fri, 02/10/2012 - 17:17 | 2147635 4horse
4horse's picture

post-close 2/10, rr

sadly, you called it: wisely . . . am as thick a brick as ever came outta the kiln

Thu, 02/09/2012 - 22:23 | 2144412 Al Gorerhythm
Al Gorerhythm's picture

Trav. You are either naive or blind to not consider the 2008 drop in price and the subsequent price moves to the down side, all recorded over a matter of days (From $21 down to $9, 2008) as not manipulative. There were no reasons for the metal, in monetary or fundamental (industrial use collapses or bonanza discoveries) terms, to plunge so dramitically. That's not price discovery, that's manipulation and if you can't or won't see that, you are making ignorant remarks.

The COMEX has a ring of short sellers, AKA boaard members and banker buddies, who will change the rules as they see fit, write naked short delivery promises to take out "Stops" to either gain from their illegal activity or so that they don't realize a loss. Just ask the Hunts. 

No manipulation. KMA. (Kiss My Ass). "Waahhhhaaa". What a statement. What are you? Four?

Fri, 02/10/2012 - 00:07 | 2144699 trav7777
trav7777's picture

Are you on crack?  There are sellers and there are buyers, dude.

There's no sinister power manipulating things so you idiot silverbugz don't getrichquick and become masters of the universe, ok?

Fri, 02/10/2012 - 00:16 | 2144716 AgShaman
AgShaman's picture

Yeah, yeah, yeah.....we've heard your drivel before.

It's perfectly normal for the Chicago Mafia Enterprise to always keep the silver contract margins more than twice the amount for the gold contracts.

Fri, 02/10/2012 - 00:21 | 2144722 tmosley
tmosley's picture

Trav thinks the markets are open and fair, lol.

Fri, 02/10/2012 - 00:45 | 2144761 akak
akak's picture

You know, if I consistently received as many red arrows as Bob Moriarty, er, "Trav", in this forum, I think I would seriously reconsider my tack, my opinions and/or my very presence in this forum. 

There is something not quite kosher about a poster who is so consistently at odds with so many others (if not almost everybody else) here, and yet who insists on hanging around and regaling us with his unsolicited and unwanted "truths", often rabidly and maliciously so.  Isn't this the very definition of "trolling"?

Fri, 02/10/2012 - 00:55 | 2144792 AgShaman
AgShaman's picture

Gollum hated those nasty little Hobbits' for having something he wanted very badly.

These PM and Silver Haters are like you said....rabid pathetic creatures. I feel pity for them.

I seriously doubt they would behave this way in the world away from their computer screens. Could you envision them giving Granny a verbal bashing in public for having her capital tied up in a MM or a CD earning a pittence....or having cash locked up in a bank with it's value evaporating daily?

Yet they come here to tell us "Fools" how crazy we are for turning 50% YOY for the last decade.

Like I said....I feel pity for the pathetic creatures

Fri, 02/10/2012 - 01:14 | 2144837 tickhound
tickhound's picture

Extremist behavior?  Nuke Trav?  Premise noted.  Appropriate action pending review by "them"

Fri, 02/10/2012 - 06:09 | 2144876 Al Gorerhythm
Al Gorerhythm's picture

No Trav. That's the real world talking. I was trading it and had a rather large trading account, (for the average bear, that is). I was burried by the manipulations, as were many others. There was no reason for the markets to behave the way that they did at the time. There were only manipulations. You try cornering the silver market on the long side why don't you, instead of dribbling incessant bullshit. Somebody must have clouted you alongside your head with a sock full of diarrhea, where it seeped in and is finding escape through the path of least resistance, your mouth. You truly are thick.

Straight from the horses mouth, which even Blind Freddie has seen:

"Central banks stand ready to lease gold in increasing quantities should the price rise". Ben Bernanke..... and they did and still do. Now, whose gold are they leasing Trav. Their own? Fuck me you're slow. Nothing of import to deduce here, Trav. Move along now, (pat, pat).

Sigh. What's the point?

Fri, 02/10/2012 - 07:34 | 2145087 4horse
4horse's picture

jesus. letters-to-the-editor .christ

Sigh. What's the point?


. . . don't know. yet did so . . .


mostly on account of this man:

have written to you before
the last time to acknowledge what appeared potential attempts at fairness, Justice, and/or just plain honesty, which of course never materialized
today saw you in a visibly discomfiting exchange with santelli on cnbc  .  .  .  while simultaneously trying to promote your new book
Lying is often easy, especially professionally  -politically-  when one's ambitions, career and future rely upon said Belief
you are beyond belief. nor believe what is expected said. even as if your life depended upon it  .  .  . 
which, not to be overlooked, would as well be consistent with the same people as, on the other hand, can see to the promise and promotion of, say, any published book
even as they insistently look over your shoulder every hour of every day, again consistent with the same people as edit texts and most future prospects in/and out of existence
and who no doubt will see this before you do: recording origin, isp and sentiment as with all such messages sent
not that they have anything new to tell you. nor, double-negative, anything these same sorta people don't already suspect 
preemptively. which's why, over-your-shoulder, they so vigilantly remain there: so closely. watched: cause most anybody already suspects what they've long-expected to suspect
protecting themselves. successfully, in effect. as well, e.g., as in fact__ There has been no instance, of which I am aware, of the CFTC ever busting up a manipulative crime in progress in history.
not that there's anything here you don't already know. nor, doubling-down-on-dumb, show you something you don't know better than most everyone 
except them, same sorta people  .  .  .  criminal  .  .  .  doubledealing MF corzine to gensler. recused? while JPM excused from silver


*     *     *     *     *


likewise give it a try  .  .  .


Fri, 02/10/2012 - 07:51 | 2145104 mantrid
mantrid's picture

Purchasing power of the consumer dollar
(1982-84=$1.00).......................... - $ .449 $ .450
Purchasing power of the consumer dollar
(1967=$1.00)............................. - $ .151 $ .151

but what's the issue about?

Purchasing power of the consumer dollar
(2012=$1.00)............................. - $ 1 $ 1


inflation is like vegetables: it's good'n'healthy, and grows rapidly.

Thu, 02/09/2012 - 19:18 | 2143942 Cheesy Bastard
Cheesy Bastard's picture

 I can't understand anything like this unless it is explained by cartoon bears.

Thu, 02/09/2012 - 19:46 | 2144023 akak
akak's picture

Too bad you need cartoon bears --- there is a whole channel of cartoon bulls on TV every weekday, one of whom likes to roll up his sleeves before dishing out the bull-shit wholesale in great stinking gobs after apparently smoking crack.  I think it is called the Cartoon Network Bulls Channel.

Thu, 02/09/2012 - 20:14 | 2144097 Cheesy Bastard
Cheesy Bastard's picture


Thu, 02/09/2012 - 20:23 | 2144124 Transformer
Transformer's picture

Well, you know, it's a pretty dry subject, so, I think we should appreciate the humor.   The really funny part is that only a few people get the humor of it all.

Thu, 02/09/2012 - 21:10 | 2144247 Raymond Reason
Raymond Reason's picture

ahahaaaha...hilarious!  Made my day. 

Thu, 02/09/2012 - 21:19 | 2144275 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Very clever akak!

Thu, 02/09/2012 - 18:30 | 2143796 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Step right up!  Get your own paper gold! 

It whitens the teeth, and you can eat it, too!

Thu, 02/09/2012 - 19:12 | 2143919 Race Car Driver
Race Car Driver's picture

The large print giveth - the small print taketh away!

Thu, 02/09/2012 - 18:20 | 2143760 nope-1004
nope-1004's picture

CRIMEX is dying bigtime.  PAGE will take a ton of biz away, as the crooked CRIMEX and CME are nothing but a Blythe Masters letterhead consortium.  Since MFG stole customer funds, the pig is dead.  Now, they are extending an invitation to anyone interested to come back into the ring and fight Medusa and Satan.

Here's some advice to any COMEX traders:  You'll lose!  You'll be stolen from.  And you'll have margins hiked again.


Thu, 02/09/2012 - 18:24 | 2143776 ZeroPower
ZeroPower's picture

Hey look, theyre cutting margins everyone... MANIPULATION, MANIPULATION!!1111

Thu, 02/09/2012 - 18:28 | 2143788 Michael
Michael's picture

The Nazification of America is in full swing bitches.

Heil Hitler!

Thu, 02/09/2012 - 18:45 | 2143841 ffart
ffart's picture

Except Hitler's gonna act like this guy this time around -->


Thu, 02/09/2012 - 18:54 | 2143863 Josh Randall
Josh Randall's picture

Did he say "egg Wuursh" ?

Thu, 02/09/2012 - 18:57 | 2143875 stant
stant's picture

Not the colonel!! stants a ky colonel .how did we arrive at this dark situation! wish i could find one of those white suits lol. besides col sanders lived before chicken nuggets.  Ive met the guy that replaced him now .nice old gent

Thu, 02/09/2012 - 20:53 | 2144206 JLee2027
JLee2027's picture

I used to cook KFC Chicken 35+ years ago. It still tastes the same to me and is damn good chicken!

Thu, 02/09/2012 - 21:18 | 2144272 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Yeah, but it ages you like a hug from Hillary Clinton.

Thu, 02/09/2012 - 21:48 | 2144360 Al Gorerhythm
Al Gorerhythm's picture

Yup. Can never wash it off.

Thu, 02/09/2012 - 23:07 | 2144539 sullymandias
sullymandias's picture

Oh man. You better pray she doesn't sink her teeth into your neck while she has you in her embrace.

Thu, 02/09/2012 - 21:17 | 2144268 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

What most people didn't realize is that the colonel was just 39 years old when they made this commercial. 

Thu, 02/09/2012 - 18:55 | 2143867 kito
kito's picture

@zero----i cant wait till canada, so rich in water and natural resources, unwillingly becomes the 51st state.......

Thu, 02/09/2012 - 20:11 | 2144091 iDealMeat
iDealMeat's picture

You mean the next 7 states (territories)..  Obama already counted them remember?

Thu, 02/09/2012 - 20:50 | 2144194 fasTTcar
fasTTcar's picture

I can't wait for Canada to buy out the bankrupt US for a few loonies and it will become the 11th province.

Actually, I can.  Not sure I want that many Americans voting in Canadian elections.  Currently, Canada is where religion and separation of church and state are actually practiced.

Thu, 02/09/2012 - 21:13 | 2144256 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Wait Kito!  I thought Israel was the 51st state?!  I can even find it on a world map.  It's just 90 miles south of Florida.

Fri, 02/10/2012 - 05:40 | 2145010 Chaffinch
Chaffinch's picture

Didn't PanAm used to be the 51st state? What ever happened to them...?
; )

Thu, 02/09/2012 - 21:48 | 2144359 ZeroPower
ZeroPower's picture

Congratulations on having dreams. 


The country is too small to fend on its own. Nobody fucks with Canada now only because it is your hat. Or you its underwear, whichever.

Thu, 02/09/2012 - 22:12 | 2144405 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

in this video a girl actually calls Canada the 51st state, no shit man you ain't kidding.

Thu, 02/09/2012 - 19:58 | 2144053 Dr. Engali
Dr. Engali's picture

Okay so they raised margins at $1,500 because of "volatility " and they lowered them at $1,750 and that doesn't make you suspicious.

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