CME Cuts Gold, Silver, Platinum And Copper Margins
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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Sign that COMEX is dying off because they failed to protect MF Customers?
Presto.
Yowza! Buy dem clients back whose wents elsewere.
Sheeeeit....
Kaaraling the heard?
Like a dealer offering free drugs - Its best to decline the offer!
I'm not getting it.... but I'm only a dog.
12/2010 - 12/2011 BLS inflation CPI-W
http://www.bls.gov/news.release/cpi.t04.htm
Food at home..............................6.1Motor fuel................................ 10.3
Paging Mr. Celente...Mr. Gerald Celente...You may begin stacking paper again, sir.
MANIPULATION!!!!!!!
WAAAH WAAAH WAAAH
"TPTB" want to kill all the goled
It's baaaaack .....
Ah fuck, there is another MF Global brewing
It's easy. It all boils down to these three little words in the article:
...paper bull trap...
Listen to yer ol' pal, Dr Zoidberg...
post-close 2/10, rr
sadly, you called it: wisely . . . am as thick a brick as ever came outta the kiln
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?
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?
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.
Trav thinks the markets are open and fair, lol.
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"?
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
Extremist behavior? Nuke Trav? Premise noted. Appropriate action pending review by "them"
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?
jesus. letters-to-the-editor .christ
Sigh. What's the point?
. . . don't know. yet did so . . .
mostly on account of this man: http://www.silverseek.com/commentary/enough-enough
bchilton@cftc.gov
CHILTON
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
http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200-Years-Together-18.html
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.
http://www.silverseek.com/commentary/enough-enough
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
* * * * *
ggensler@cftc.gov
jsommers@cftc.gov
somalia@cftc.gov
mwetjen@cftc.gov
likewise give it a try . . .
Why
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
seeee?
inflation is like vegetables: it's good'n'healthy, and grows rapidly.
I can't understand anything like this unless it is explained by cartoon bears.
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.
BOO-YAH!
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.
ahahaaaha...hilarious! Made my day.
Very clever akak!
Step right up! Get your own paper gold!
It whitens the teeth, and you can eat it, too!
The large print giveth - the small print taketh away!
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.
Hey look, theyre cutting margins everyone... MANIPULATION, MANIPULATION!!1111
The Nazification of America is in full swing bitches.
Heil Hitler!
Except Hitler's gonna act like this guy this time around --> http://www.youtube.com/watch?v=pwURoueDzFo
Did he say "egg Wuursh" ?
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
I used to cook KFC Chicken 35+ years ago. It still tastes the same to me and is damn good chicken!
Yeah, but it ages you like a hug from Hillary Clinton.
Yup. Can never wash it off.
Oh man. You better pray she doesn't sink her teeth into your neck while she has you in her embrace.
What most people didn't realize is that the colonel was just 39 years old when they made this commercial.
@zero----i cant wait till canada, so rich in water and natural resources, unwillingly becomes the 51st state.......
You mean the next 7 states (territories).. Obama already counted them remember?
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.
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.
Didn't PanAm used to be the 51st state? What ever happened to them...?
; )
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.
in this video a girl actually calls Canada the 51st state, no shit man you ain't kidding.
http://www.youtube.com/watch?v=MHtDF-z77wk&feature=player_embedded
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.
Ya buy yer futures contract, ya takes yer chances! :>D
Hey look, theyre cutting margins everyone... and no one's coming to the party. Very bland, low volume trading in Asia. Looks like ther're going to have to put on free booze... or cover some shorts to ramp the price. Might entice a few mugs.
Sorry, I wished the CRIMEX was dying, but I don't think so. PAGE will only increase trading from arbitrage both from US and China. The short positions are almost gone, and the big boys are positioning on the long side. If PM are going up, the crooks are coming for the ride and, I hate to say this, they will profit greatly.
Hit the nail on the head. They need to get more sheep for shearing.
Yes, what are they plotting?
Why no spike today? Did they leak it days ago to give the front running plenty of time?
A most interesting question...
Sandpit's full of cat shit.
Asked the same question myself, not that I am going to complain about a cut in margin requirements. But with the promises of ZIRP till 2015 and the Bernank intimating at QE coming down the pipe, it seems to make absolutely no sense. Even if there were a margin hike later on in the future, would it do more than a couple days dent if the bullishness in the PM's continues, or even picks up steam? I am new enough to investing in PM's that I honestly couldn't say. I'll just continue to buy up the phyzz each payday, b/c whatever this means in the near-mid term, I don't think that the CME/CRIMEX will be determining price over the long term.
Basically people are running Usain Bolt style away from COMEX since November because of MF Global. COMEX needs these customers to come back, thus why they lowered margain requirements.
Zackly! It makes "no sense" if activity were high among futures. But it's slow, and any business that is slow has to incentify customers.
Is that manipulation? Not really. Is it desperation? Hell ya!
The manipulation will come (in my opinion) around $1820 for gold and $42 for silver.
COMEX is a business, thus why they lowered the requirements, but when PM's start raising drastically, masta' will come in and give COMEX the order to rise requirements.
RIGHT BECAUSE THEY WANT TO KILL THE GOLED
Trav says "no manipulation".
Everything must be fine! All markets are normal, with no manipulation whatsoever!
Thank be unto mighty Trav who knows everything! Now we can all go buy internet stocks and shut up and listen to His mighty wisdom. Yes, let us all do nothing, and give praise unto his great master.
Anyone that returns to the CME AFTER what happened with MFGlobal, is dain bramaged!
Never, never, never underestimate how long the market can stay irrational... imo
"New and improved C(ME)rack --- and half off for a limited time only!"
I'm in if they throw in some wolf nipple chips.
Get'em while they're hot...they're lovely!
I'm sorry, wolf nipple chips are only available at the Chinese citizenism citizens kiosk --- please check the opposite side of the food court.
The CME/CRIMEX stand does, however, sell some lovely imitation, pulped-paper food product snacks in the shape and appearance of authentic wolf nipple chips, with every bit of their flavor and health benefits. Really, they're just as good, if not even better!
The operators of this particular snack stand would, however, much prefer that you not actually take possession of your imitation, "just as good" pulped-paper wolf nipple chips, but instead merely take their word that their chips are indeed truly delicious, while allowing them to hold your just-as-good paper wolf nipple chips for you in their ultra-safe vaults. Management is, however, not responsible for the spoilage or loss of any imitation wolf nipple chips thus stored, nor for the inexplicable loss of any wolf nipple chip trading accounts.
Truth is so hard to come by, BRAVO!
this could have catalyst thed 30 point GC sell off intra session today -
they certainly have not lowered equity margins as apple added 5 billion market cap today
http://hedge.ly/xCb7WU
What an astoundingly ridiculous inference. Is it a conspiracy theory for the CME to attempt to attract customers? I understand that silverbugs are still licking their wounds after getting totally annihilated today post fix, but that doesn’t give you the right to come up with this preposterous nonsense.
MDB - you need to refresh your lying skills. You've really fallen off of late.
Agreed!
MDB, why would a reputable, clean, organized clearing house interested in only being "a mechanism for true price discovery" need to attract customers?
LMFAO!!
MDB,
You have been unmasked!!! Your troll badge has been terminated for amateur behavior...not in the positive sense,,, Now get your fucking shine box!!
MDB is the real thing. First place-- Hamy Wanger, second place--MDB. the two of them have defined the medium.
You have a question waiting for you.... take a guess where....
Oh you - your such a fussy pot - shame on you MDB.
MillionDufusBoner junked over and over, again and again. You must have 2nd biggest collection of downward inverted red arrows other than the infamous RoboRoach!
Keep that up and you'll give him a chubby.
I just wonder how many people fall for his posts and junk him and how many people just junk him for the heck of it. Personally I think he is Robo. The two are never around at the same time. Although I have seen MDB respond to a commentator.
I just like to junk It's junk, whether MDBoner or Robotard.
Laughed my ass out Mdb. You still hoarding dollars, you unpatriotic piece of shit?
MillionDollarBogus sez to his Crimex agent...
COMEX of LBMA crash will never take place. It's a myth. Boring world we live in.
The CME is rising rates? I don't understand. That is impossible. It does not compute.
I have to go lay down for a minute.
Bingo, and most of the customers know that CME helped to have MF Global to essentially get away stock free from the situation.
RIP