This page has been archived and commenting is disabled.
CME Goes To Collateral DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!?
Update: Based on unofficial statements by the CME, it appears that the exchange has gone the way of inviting more risk by lowering Initial to meet existing Maintenance margin across the board. We will likely only know for certain on Monday. We suppose the proposed explanation will be to minimize margin exposure for onboarded MF positions. Of course, that this is very much counterintuitive at a time when risk is spiking and vol readings per SPAN are soaring, and instead is inviting even more risk, is apparently irrelevant to the exchange.
The most important news announcement of the day was not anything to came out of Cannes (as nothing did), nor from Greece (the merry go round farce there continues unabated). No, it was a brief paragraph distributed by the CME long after everyone had gone home, and was already on their 3rd drink. It is critical, because not only is this announcement a direct consequence of what happened with MF Global several days ago, but because also it confirms one of our biggest concerns: systemic liquidity is non-existanet. We confirmed interbank liquidity in Europe was at an all time low earlier today, and can only assume the same is true for US banks. But what is very disturbing is that this is just as true at the exchange level, where it appears the aftermath of the MF collapse is just now being felt. What exactly was the announcement. Unless we are completely reading it incorrectly, it is nothing short of a margin call for tens if not hundreds of billions worth of product. Because as of close of business on November 4, today, the CME just made the maintenance margin, traditionally about 26% lower than the initial margin for specs, equal. For everything. Which means that by close of business Monday, millions of options and futures holders will be forced to deposit billions in additional capital to the CME just so they are not found to be margin deficient, and thus receive a margin call. Naturally, since it is very unlikely that this incremental amount of liquidity can be easily procured in one business day, we anticipate the issuance of hundreds of thousands of margin calls Monday, followed by forced liquidations of margin accounts across America... and the world. Just like when Lehman blew up, it took 5 days for Money Markets to break. Is this unprecedented elimination in the distinction between initial and maintenance margin the post-MF equivalent of the first domino to fall this time around?
From the CME (source):
And for those asking, here is a complete breakdown of all CME products and associated margins:
»
- 106367 reads
- Printer-friendly version
- Send to friend
- advertisements -
you need to get some help
Why do I need to get some help.
JPL is the one noticing the earthquakes on every alignment.
And I don't see what help I could get.
A stripped dwarf stars iron core running around close to earth is about as dangerous as mercury running around close to earth.
Fema's been preparing for this since summer. It's all out there.
Christchurch flattened.
Haiti flattened.
Japan fucked up.
Earthquakes all over.
Italy quake though not serious.
I don't need any help. Stuffs going to get knocked down. It's just that simple.
Check this shit out--NASA real time space thingie data
http://solarsystem.nasa.gov/eyes/player/?document=http://solarsystem.nasa.gov/eyes/content/documents/yu55/yu55.xml
w.d. gann says "i told you guys!"
I hope that's all it is.
Is Bernanke's phone ringing? I am sure that GS, JPM, C will call grand pa for help.
R U Dum enough to think that they didn't know about this 1 month ago? Like all other insides. Jus Kureous... Old news.
WHEEEEEEE.
The real news will be the margins that can't cover.
The real news will be margins can't cover.
Fixed it for you.
I junked you. I junk all "Fixed it for you" posts. Tired old useless blog comment device. Get creative. Say something original.
I started to say something about "shit" and a "fan". Something Original he wants. OK
I'll get literary: "Fæces Hit Whirling Blades." Still not good enough.
How about "Cattle Feedlot Settling Pond" meet "CME HVAC System."
Creative enough for you? I think rubber boots and splattered yellow slickers will be the ""new black" come Monday.
Now with that thought in mind, go drink. Heavily.
+1 for the effort.
The excrement contacts the rotary oscillator...
Thank you, Sir, may I have another?
"Fixed it for you," is what a moron says when he drops a spanner in the works.
I guess I resemble that remark. I've been known to drop wrenches, but not spanners....
Maybe CME needs cash because MF blowup slammed their books. Maybe the hikes provide covering fire for a retreating JPM and complicit CME in re silver manipulation as the case gets legs. See Bart Chilton's remarks on KWN.
It looks like an across the board 25% margin bump. As a PM freak who is beginning to feel a llittle paranoid about takedowns, this one seems more democratic. After all, every contract is affected.
I would be surprised to learn that longs are fully invested into a knife-edge G20 weekend after all this wacky HFT volatitlity. Could turn out to be a stupidity tax on the foolhardy. Or it's nuclear. Dunno. CME Godfather Leo Melamed has not confided in me.
Heh, isn't everyone becoming accustomed to these sorts of 'surprises' by now?
holdbuysell
makes an interesting point much further down.
I junked you Wunder Dawg. I junk all old maid "grammar and form" criticism posts. Tired useless blog comment device. Get creative. Say something original.
"Just like when Lehman blew up, it took 5 days for Money Markets to break."
after the 1906 earthquake in San Francisco it took old market one week to react .... it takes time for the old boys to give up ....
some people might have to make changes to their weekend plans .... uhhhhh .... it really sucks .... again ...
Sam's Club, Walmart, Safeway for more FOOD
J&G Sales, Walmart for more AMMO
Walgreens, Walmart for additional MEDICAL SUPPLIES
Forget about "Black Friday", tomorrow is "Survival Saturday".
Sorry, Walmart ammo sucks.
Why do you say this? I thought most of what Walmart sells are the standard brands.
I would never trust a junk low quality round from Walmart to protect myself. Standard brands like Winchester, yes, but you're making a big mistake if you think they're high quality.
100 rds of 40SW Federal for under 20 bernanke bucks. I think it was mispriced but holy shit that was an awesome deal.
Federal, Winchester and Remmington? I buy .22, pistol (fmj) and shotgun shells there. 99.9% of it goes bang when I pull the trigger. Shot up thousands of rounds of ammo from Walmart, so I am not sure what you mean by the comment?
Maybe he bought Wolf or Brown Bear. When you get a box with both brass and nickle primers, you know you're scraping the bottom of the barrel (he he)....
I shoot Wolf our of my AKs, and it goes bang, too (J & G Sales, not Walmart). Maybe not match grade accuracy, but paper plate at 50-100 yds. no problem (which is all I am looking for in a battle rifle).
Walmart also sells some pretty good hunting rounds in .308 and 30.06, so I am not sure what the guy's beef is with Walmart ammo. The prices can't be beat (unless you buy case lots online).
No problem with Wolf or Tula. Hell even Ulyanovsk in the metal can
All from Lucky Gunners, delivered fast and CHEAP.
I just don't like all the carbon from the dirt-cheap stuff. Spent too much time cleaning M-4s, so my Mini-14 is a dream. It'll chew everything, but Win white-box 5.56 patterns nice and tight, with little carbon.
It was all so...normal...just days before the city was completely destroyed.
1906 film finally traced to just prior to Great Quake...amazing film and story (60 Minutes)
http://www.cbsnews.com/8301-504803_162-20019755-10391709.html
WTF?
Yeah, WTF?
Does ALL PRODUCTS above the requirements mean all products, or does VARIOUS in the column before 1.0 mean ALL PRODUCTS?
Seems to me, ALL PRODUCTS means "all products." Next we can get on to what the meaning of "is" is.
One of the few things that we may thank BJ Clinton for is for reminding us of the fallacy of Aristotelian isness. The map is not the territory bitchezz and we're not just talkin' about your Rand McNallys but also language, thoughts etc. are also maps....
Let's see....
We still don't have a good picture on JEF exposure to Euro Corporate and Financials debt & derivatives.
The ChiComs will not save the Euro.
Bank of America looks like a WaMu situation.
Oh, and Italy might seem tame once the French and Austrian banks start to blow up....
Bank Austria (my bank in Europe) is owned by Unicredit.
Hmm yep. Like a bad dream that keeps coming back:
MF is like Lehman, CME is like AIG, BofA is like WaMu + Merrill, JEF is like State Street? Europe is like 1931 credit anstalt....bloody hell.
"Here comes your nineteenth nervous breakdown---" Mick Jaegger; The Rolling Stones.
Mick Jaegger? is that the German spelling?
I suppose you could say he was the Jaegger Meister
Gimme Shelter!
Paint it Black!
Don't hate me. I must do this. Humility is a useful trait.
"I'm coming to your emotional rescue."
With "Mother's Little Helper?"
In a long black veil....
No sympathy for the devil
U can't always get what you want.
To say the least. Popcorn anyone???
Guess we'll have another chance to buy a dip in silver and gold.
As a very long holder of PM's, I hate to say this but....
I think this could be a huge liquidation signal for everything, including metals.
Longer term, extremely bullish. Short term, watch out.
It also explains why Merit Financial, Gainesville, and others were offering eagles for $2.50 over spot. Better to sell it for $35/oz than $25/oz. They may have known what was coming. Just a theory though.
I smelled something fishy when I got a call from Gainesville yesterday. They NEVER call me. Were pushing gold and sliver.
I received email from them 1 hour ago about Silver Deals, which is very rare.
Ditto - I got a cold call from Monex yesterday. I've bought all of my PM's from them, from a single agent. Any dialog I've had with Monex has always been through that guy. This time, it was someone else. When I questioned why it wasn't my normal guy calling, they said it was a 'routine' follow up call. Routine, right. In 3 years of dealing with them, it's never happened before. That kind of routine. I'm sure they got the 'heads up'.
I always enjoy an opportunity to scoop up scared money.
Cheers
I always enjoy an opportunity to scoop up scared money.
silly wallfarts
Ugly, cross eyed and flatulent is no way to go through life, son
Longer term, extremely bullish. Short term, BTFD!
There, fixed it for you.
So... +200 DOW points on Monday?
Just when I was starting to get nervous about snapping up a couple shares of SKF... CME delivers a gift like this. Tur-cocaine-ducken for Thanksgiving bitchez!
This has not happened before. I have written on here months ago that MF Global is the exchange for many products. When I worked at Refco they had a similar systemic risk to the clearing house itself. This is a pre emptive move that CME needs additional capital. Ooops!
Expressed as a liquidity crunch, but I'll bet the bean counters (I am one) are having trouble getting a handle on Global's losses and high crimes. If .gov doesn't step in quickly with guarantees, I would expect a rapid contagion to the CBOE and the four corners of the earth. Lots of folks will be short some righteous change.
Well...apparently the vote of confidence for Gpap did not translate bullishly at the CME. Or...maybe...the CME saw through the smoke screen of Greece back to the important story of the week...which was MF Global, of course [rivaled by Italian debt maybe].
But somehow...all of this slipped past the BlowHorn [CNBC] which spent a good part of the week telling everyone that MF Global did not matter because it was too small to worry about. Uh huh.
Margin call calling...the entire world...come in entire world.
And would someone at the FCC please pull the broadcasting license of the network known as the BlowHorn [CNBC]. Thank you.
I hear you, but the cable networks need no license since they're cablecasting, not broadcasting.
+1
I watch CNBC as a contrarian indicator.
When i heard in CNBC that the fall of MF global was nothing to worry about , i thought this is something very big and they are trying to downplay it.
Yes, Tyler, the slow panic and scramble for non-existant liquidity is very reminiscent of the post-Lehman days when money market funds went into full-blown distress. That was the event that finally made Bernanke, Paulson and all other free-market fundamentalists get religion and unleash a tsunami of liquidity.
Will this be the event that makes Ben hit the panic button? Unlike last time, he has no doubts where something like this could lead. But also unlike last time, he's sweating the inflationary effects. We're already redlining the Fed's own guide posts. So it will be far more risky to flood the world with gravy.
CME to be taken under conservatorship? Who knows, we're in uncharted waters.
I think it blows up Europe and causes a massive military intervention over there. Throw in the Spanish, English and Swedes...well, it's easy to imagine a lot of things happening i guess.
"blows up Europe and causes a massive military intervention over there. Throw in the Spanish, English and Swedes"
sounds like the thirty years war. That didn't go too well for the Germans.
Swedes? Massive military intervention? Not since Gustavus II Adolphus.
LOL
the swedes? their wpmen are having to dye their hair black so as not to get raped by the new arrivals from north africa, while the swedish men are soft as viking shit after a horn of ale.
the swedes have been on the slide for 20 years, i've said it for 10.
diversity is awesome. It makes everything better
Nah, marrying your first cousin from Seedsville is always the best way to go, hyup. I mean if Royalty does it you've got to be in good co.
What a backwater mouth breather.
nice false dichotomy
awww, Trashbag can't even take a joke. What a surprise. Heh, hit a little too close to home did it? And I ain't even gonna tell ya what I really think of ya.
Besides I never implied that there were only two options, just that the one I outlined described you the best, ass.
The Swedes, military intervention!? Being Swedish, I can inform you that that is absolutely absurd. With 500 troops in Afghanistan and five planes flying recon over Libya, we have nothing left to intervene with. A few home guard with pop guns, possibly. If the mission is to secure an old folks home and a nursery school, we may be up to it,
Come on, we know every SAAB car on Earth is really a Transformer robot that turns into a Swedish Air Force fighter jet. you're not fooling anyone with that flag and umlaut.
How the heck did that state secret get out? Must be those damned new Chinese owners of Saab who spilled the beans. Shoulda known never to trust Chinese (or Greeks) bearing gifts.
you still have peter forsberg for back up
He doesn't have the time. He's too busy selling his famous plastic clogs.
Caviar E... "Will this be the event that makes Ben hit the panic button?"
.................................
Bernanke to Ludicrous Speed followed by a push on the Emergency Stop Lever that is labled 'Never, Ever, Use This Lever'... Benny, the mad experimenter.
What will Benny name his book? 'How I Blew Up The World Economy While Applying Suggestions From My Grad Students'? Too long? How about... 'The Economy Was Fucked Before I Took Over'?
Feel free to suggest more titles.
Dr. Strangelove or: How I Learned to Stop Worrying and Love the Printer.
I always like seeing you around the campfire.
Ditto Mr Sweetness!
Catch 22 Trillion
Ferrovial will buy. CME is just another toll-road like the Chicago Skyway.
What happens if CME goes UNDER?
CME always goes under ... the table, wearing kneepads for Bernanke, Dimon and Blankfein. Treasonist cowards with their constant after-close margin manipulation.
Erect the gallows, lads. Once a century or so, it becomes obvious its time to use them again.
that's called "the delivery option." all that is traded on the exchange ceases to trade and is moved to New York. Literally.
MTA Capital Project, bitchez!!
Paper commodities go to zero, physical commodities explode with the force of a thousand suns, as those who use the futures exchanges to lock in prices are suddenly forced to buy off the open market, eventually resulting in a "no offer" situation.
Hyperinflation, bitches.
Care to entertain a time horizon for that hyperinflation call?
The threat of hyperinflation is IMMINENT. Of course, those following MY advice are prepared for it no matter when it should come, while those following yours will be totally blindsided and robbed of their wealth, just like the clients of MF Global.
You should focus less on your ego.
So tomorrow? Next week? Next year?
I see you are unable to think in terms of probabilities. There is an elevated likelihood that this move will lead to a brief bout of deflation in paper, followed by rapid price increases in real commodities and then in real goods. The process will start Sunday night, but NOBODY knows how long it will take for real prices to spike. Could be day after tomorrow, could be next year. Either way, you are going to lose everything.
But you are so busy trying to box me into a definite answer that you can't even process your own thoughts, where you yourself have predicted the short term outcome of this move, if this notice isn't some sort of ruse.
All your first paragraph said is that we will get volatility at somepoint in the future and prices will go up afterthat.
You said hyperinflation was IMMINENT. I want to know when is imminent?
If you want a prophet, best go join some cult. Maybe buy some nice shoes and drink some tasty Kool-aid. They will never ask that you think for yourself, or ponder the likely outcomes of current events. After all, who cares when you will be zooming around on the Hale-Bopp Comet?
Tmosley....See my post below about Bob
You're such a little troll.
Next time you want to talk shit, why don't you reference my blog and not some PTB SS's.
Umm Okay...Since the links on that were to your blog...Dumb ass! Trolling, that is hillarious...Everytime Tmosley has said something on this site, you have attcked him. I would consider that trolling.
fuck what the?
What are you his body guard?
lol, so you think no-one is allowed to notice your douchbaggery? Or are they just not allowed to call you on it?
I've had enough of this buffoonery. This conversation has degenerated into a sophomoric argument.
See you fine gentleman later
If you are so tired of shit, perhaps you ought to stop spewing it everywhere you go?
keep making an ass out of yourself, cliff.
You keep being miserable and alone, Trav.
LOL...I have multiple bitches, lots of friends, more money than you and a better life. My dick is bigger too.
You are the one hoping to have an apocalypse so you can lord your silver over people. That is your only chance to ever matter or garner any respect from people. You can only hope to take advantage of the desperate.
in other words, you are trying to make a prediction without making one? You are such a fucking joke
You are like Barney Frank confronting Ron Paul right after he made the prediction that Frank's new plan to get bad credit risks into homes would lead to a housing bubble, calling him a "fucking joke" because he couldn't predict the exact date of the bubble collapse.
What on earth happened in your life to make you such a loser?
You said IMMINENT, you fucking RETARD.
You said economic collapse on MONDAY.
Every single prediction you EVER MAKE turns out to be bullshit.
What kind of drugs did your mom take to make you so retarded?
Care to try and explain this again?
IEVI Vote up!
16
Vote down! 0
Hey you know that guy that a lot of you love to hate bob_dabolina ..the guy is a total fraud. He started a blog to prove what a great trader he is. Claims he turned 100,000 into 2.4M this year. What he failed to mention is that it was in a TOS papertrading account. It is fucking easy to push the buy and sell button when you have no real money at risk.
Check out these images of today's latest post where he claims to have made $62,000 today. If you look closely at the detail on the screenshot of his position statement you will see a button that says Reset All Positions. This button doesn't exist in a real trading account with real money. Coincidently(not) all TOS Papertrade accounts start with $100,000.
http://imgur.com/a/xui01
I seriously hope bob_dabolina is a 16 year old who is just fucking around with everyone, because if he is an adult all I can say is..wow...what a pathetic excuse for a man!
- reply
Tue, 09/27/2011 - 22:50 | IEVI Vote up!16
Vote down! 0
After I called Bob out on his blog he edited the screen shot of his "trade" and erased my post where I pointed out the reset button to another poster. What a douche!
- reply
Tue, 09/27/2011 - 23:03 | bob_dabolinaVote up! 0 Vote down!
-22
I didn't erase shit,
I'll do ANOTHER fucking post on this BS
- reply
Tue, 09/27/2011 - 23:10 | IEVI Vote up!14
Vote down! 0
You cropped the original screenshot to remove the Reset All Positions button.
- reply
Tue, 09/27/2011 - 23:14 | bob_dabolinaVote up! 0 Vote down!
-21
BULLSHIT
I just posted a full screenshot asshole (with my acct # redacted) I've done this before on multiple pages for other assholes.
You're paranoid
- reply
Tue, 09/27/2011 - 23:18 | IEVI Vote up!16
Vote down! 0
I think you are losing your mind. Your new screenshot shows your P/L for today as 0 (as in zero..no money...nada) What happened to the $165,000 in profit that you claimed you made on /GC in the previous post titled
Closeout: Two hours + $165,000
- reply
Tue, 09/27/2011 - 23:23 | Jack NapierVote up! 5
Vote down! -8
I've beaten this dead horse, and will continue to do so. Ron Paul's wife and daughters are in the Order of the Eastern Star, the masonic order. He has ties to a secret society like every other president. This likely assures he will win, and people will cheer. So what if he wants to sell all our gold, which would address all of about 3% of the national debt. People keep saying Ron Paul doesn't get any media coverage, but that's just untrue. He gets plenty. ZeroHedge readers, if you are as educated as you think you are, be wary of this guy. If you want a real champion of the truth without strings attached check out Chuck Baldwin. Most of you probably don't know who he is anyway. He is what Ron Paul is painted as, but the genuine article.
- reply
Wed, 09/28/2011 - 02:04 | tip e. canoeVote up! 1
Vote down! 0
whose gold is that? not my gold, yours? you mean the gold that was stolen in the first place? you sure it's still there? you sure it isn't already sold or leased or pledged as collateral against loans that can never be paid back? is that the gold you're referring to?
- reply
Wed, 09/28/2011 - 05:36 | jeff montanyeVote up! 0
Vote down! 0
jack napier: that ron paul's wife and daughter are in the order of the eastern star (and he has ties to (other?) unstated secret societies) assures him of a win? really?
- reply
Tue, 09/27/2011 - 23:22 | IEVI Vote up!11
Vote down! 0
I have a TOS account, if you made $165,000 in /GC today it would be there in your latest screenshot, under P/L Day...geez you are pathetic!
- reply
Tue, 09/27/2011 - 23:30 | 55 menVote up! 8
Vote down! 0
Wow! nice investigative work. The other day he was calling out Tmosely for making a bad call but on the other hand it was okay for him to make a bad call. Total hypocrite.
- edit
- reply
Tue, 09/27/2011 - 23:30 | Sequitur Vote up!10
Vote down! -1
IEVI I think you exposed this guy. "Reset all positions" is not in a trader account. And that P/L showing "0" is a dead giveaway.
Fraudster. Lawlz.
- reply
Tue, 09/27/2011 - 23:39 | bob_dabolinaVote up! 0 Vote down!
-16
WTF ARE YOU TALKING ABOUT?!!!! Are you complaining about how I have my layout set up?
- reply
Tue, 09/27/2011 - 23:42 | Sequitur Vote up!13
Vote down! 0
If you made $165,000 today, it would show under your P/L column. Right now, showing zero.
Exposed.
- reply
Tue, 09/27/2011 - 23:43 | IEVIVote up! 11
Vote down! 0
Here's the latest screenshots from his blog.
http://imgur.com/a/Mj1Ed
Where's your profit in G/C Bobby? You claim on your blog you made $165,000 today.
- reply
Tue, 09/27/2011 - 23:52 |Sequitur Vote up!6
Vote down! 0
This is turning out to be quite the detective caper. Look at all the action on his site at http://tradeonfire.blogspot.com/
- reply
Tue, 09/27/2011 - 23:55 | 55 menVote up! 4
Vote down! 0
Awesome...
- edit
- reply
Wed, 09/28/2011 - 00:00 | Sequitur Vote up!9
Vote down! 0
IEVI HOLY SHIT -- now he's altering his computer images to argue it was after midnight and the numbers reset. Yet you SAVED the image showing an 11:00 p.m. print on his screen. Plus his account shows it's still the same day.
Fucking exposed.
- reply
Wed, 09/28/2011 - 00:12 | 55 menVote up! 3
Vote down! 0
You guys better save that for when he comes back... Use it for future ammo.
- edit
- reply
Wed, 09/28/2011 - 00:19 | IEVIVote up! 3
Vote down! 0
Here's a screenshot of my account with a later time than his. Check out the P/L Day under /SIH2
Mine didn't reset and neither did his, we are both PST.
http://imgur.com/Ty1zX
- reply
Wed, 09/28/2011 - 00:25 | SequiturVote up! 7
Vote down! 0
IEVI, you have a screenshot with his computer at 11:00 p.m. So do I. Then he goes and changes it to 12:00 p.m., and tries to argue it "reset" at midnight. Fucking lawlz, TD Ameritrade doesn't work that way.
Stick a fork in him, he's done. As is that bullshit website. FINISHED.
Dabolina "account" showing zero activty and zero P/L with 11:00 p.m. computer timestamp: http://imageshack.us/f/831/bobdabolinaone.png/
And here is Dabolina "altered" image, now arguing it is "after" midnight because of computer screen time: http://imageshack.us/f/163/bobdabolinatwo.png/
Yeep, both accounts reflect not a fucking thing at risk, no positions, no money made/lost.
- reply
Wed, 09/28/2011 - 03:42 | IEVIVote up! 5
Vote down! 0
In TOS the futures reset at midnight CST. Since his platform and mine are set to PST the futures P/L would reset at 22:00 PST
His first screenshot shows a time of 20:01 PST and his second shows 20:49 PST ..both before the reset.
Proof of how TOS platform works:
http://imgur.com/UEEOP
bob_dabolina is a total fraud!
- reply
Wed, 09/28/2011 - 04:13 | IncubusVote up! 1
Vote down! 0
http://upload.wikimedia.org/wikipedia/en/7/73/Trollface.png
good job, chap!
Owned.
BBwwaaaaaaaahahahahahahaaha.
man , and i was thinking of having a ZH free day...
Well if you put yer head above the parapet bob.
And don't worry bob, no one here has fantasy trading portfolios that have gazillions of dollars. No way sireee bob. we're all total fuckwits.
Time to put the blog away.... heh heh
I've addressed those photoshopped SS enough, there's an entire post on my blog with 200+ comments. You can read all my responses there
In the meantime
http://tradeonfire.blogspot.com/2011/11/position-summary.html
http://tradeonfire.blogspot.com/2011/10/here-ya-go.html
http://tradeonfire.blogspot.com/2011/10/updated-pl.html
You can look at those SS and all the ones that are actually on my blog (over a thousand)
I think you have photosphopped enough images, and posted with enough sockpuppets.
You are a sad, sad little man stroking a fragile, fragile ego.
Still can't tell me when IMMINENT hyperinflation is going to occur?
You said it, I just want some clarity.
You cling to your last shred of ego, knowing that at least I am not the God Almighty.
Well I'll keep my eyes peeled for that imminent hyperfinflation.
You can't photoshop out your crazy bob. It's in every layer.
So is stank of shat.
Sure.....
Highschool?
I can give you Highschool if you want it....Everytime you troll this site with nothing of substance and attack people for no reason, I will post this shit everytime....
You can give me highschool if I want?
Post your worthless tripe everytime, I couldn't care less. I invite the conspiratorial posts as it attracts visitors and when they get there for themselves they realize it's legit.
Hilarous. You have literally no cred here. Go play day trader on your little blog. Leave the big boys to discuss macroeconomics.
And you DO?
I got news for you, shitbrains, he doesn't have any credibility and NEITHER DO YOU.
You merely parrot the orthodoxy of silverbugz around here and a bunch of lemmings back you up because they are as stupid and emotionally invested in their own beliefs as YOU ARE. You are CLIFF CLAVEN, you just stand at a bar and talk shit and beg for attention. You're not a big boy, you're a motherfuckin DUFFER, a dilettante, a chump.
EVERY SINGLE ONE of your predictions has FAILED. Now, you are predicting IMMINENT hyperinflation. That does not mean NEXT YEAR. Next fucking year is NOT IMMINENT.
Your shameless pumping cost a lot of people a TON of money. Some gullible people around here want to hear a particular story and you are so desperate for attention and to be respected that you feed them bullshit. You are pathetic.
Blah blah blah.
Nobody cares about your baseless and meaningless assertations, Trav. You have nothing but ad hominem, and appeals to emotion on your side.
99% of the people who listened to my advice are UP. The only ones who are down are the ones who bought between March and May, and from July through mid-September. This versus the YEARS I have been extolling the virtue of buying silver. And that is assuming they went all in during that time frame, which I specifically told them not to. I have said everyone should cost average their way in. And those are PAPER based profits, totally ignoring my actual investment thesis, which is coming ever closer to fruition, as more and more contracts are "filled" with ETF paper and cahs sweetener.
But you keep being mad, and pretending like you give a shit about anyone other than yourself, as if you don't want 97+% of the population to be sterilized and die before they can use up "your" oil. You are the worst kind of person.
Agreed, but I feel a little sorry for the throwback Trav: going through life with no other point than the one on top of his head. His only consolation is that it fits so neatly into his Grand Wizard hoodie and keeps the peak tall.
Keep out of this you freak.
99%? Another Cliffstat, huh?
Got any evidence that 99% of people who followed your advice are up? You were in here during the ENTIRE RUNUP pumping the shit out of silver, "$60 by next week" and then after the first drop, back to $49 "by Monday"
Most of the people who followed your advice lost huge sums of money, just like you did.
Make another failed prediction for us, ok? It's entertaining watching you fall flat on your face.
"and was already on their 3rd drink."
Is a one ounce glass under the same 'drink' umbrella as a 46oz glass? Or is that 46:1 leverage?
Jus kureous...
A 46oz. glass under the same umbrella is called a "MF Global"; watch out it'll knock you out of the game.
That's funny, because I actually was on my third drink when I read that.
This sounds bad, but how bad is it really? How many dollars are we talking?
Anywhere between double and triple digits notional. In the trillions that is.
All of it levered between 20 and 50 times.
Uhm.. Thanks for the response. But forgive my ignorance wouldnt this utterly destroy the market? Black Monday 100%?
so what you're saying is that my puts on BAC might pay off. That is if my counterparty doesn't go kablooey first.
Silver Bitchez?
Correct me if I'm wrong and I am misunderstanding the announcement but this is for performance bonds only...no?
It is wrong. You read "performance bond" and assumed all bonds.
Wikipedia (I know, I know, but they're right this time...)
The term is also used to denote a collateral deposit of "good faith money",[2] intended to secure a futures contract, commonly known as margin.[3]
See that's what I'm confused about...
I could be wrong on this but I don't think this margin adjustment is for every product traded. That would really seem non-sensical to me as it would crash markets globally and instantly.
Right or wrong... thx for this.
its margin
"Performance bonds – deposits required to ensure that a clearing member can cover potential losses with his or her trading positions –"
performance bonds broadly defined
http://www.cmegroup.com/clearing/cme-clearing-overview/performance-bonds...
just a few more zeros on the keyboard .... voila!
:-)
The word surreal comes to mind.
Um...
Since nobody else seems to have pointed it out yet, being bearish end of the worlders and all. Doesn't this just mean they are making the initial margin the same as the maintenance margin?
i.e. lowering / getting rid of the initial margin requirements.
It would make a lot more sense.
Other way round...maintenance (which was less) is now the same as initial....Margin Call ftw!
Is this the ultimate movie tie-in or what!?
this would be absolutely huge if effected. "MF Global blew up the CME." Would go a long way towards explaining why Brave Sir Corzine "fled the scene." We shall see. "Rail cars heading to New York loaded with thousands of tons of silver"? I'm sure there's no problem finding storage. Hell you could leave it on the rail car "in the interim." Anywho I don't know why i feel this way but it seems like New York is just CRAWLING with Fed's right now. FBI, SEC, CFTC, hell they probably even have NASA, DOE and "the Hunt Club" (so they can "release the hounds" in case there's trouble) just for good measure. we shall see.
I back that up, cops on every other corner Midtown along Park Ave this morning, helicopters have been busier than usual. Definitely some screwed up shit going down!!!
http://www.youtube.com/watch?feature=player_detailpage&v=DNKfucd0HYo
and that's just feedin' time. wait 'till they go hunting!