CME margin hike rumor

pmbug

Your Host
Administrator
Messages
7,541
Reaction score
48
Points
203
Location
Texas
Silver_investor said:
The following is from today's Miles Franklin newsletter and was written by David Schectman.

"Yesterday, our wholesaler told us that the CME group will be raising margins back up on Friday and again on Tuesday and again on Thursday. This will probably result in a depression in prices."
...
http://www.tfmetalsreport.com/comment/84759#comment-84759

Uncorroborated hearsay at the moment.

:shrug:
 

hazek

Fly on the Wall
Messages
5
Reaction score
0
Points
0
Today's drop was one of those strange ones again where it almost suddenly dropped like there were no bids. Is this rumor what caused it?
 

DSAbug

Moderator
Messages
1,059
Reaction score
0
Points
0
Initial margin being turned back to what it was coming into the week would be a non-event.
 

pmbug

Your Host
Administrator
Messages
7,541
Reaction score
48
Points
203
Location
Texas
^ True, but it wouldn't take 3 days to do that. If the rumor is true, it's going to be more than that.
 

rblong2us

Yellow Jacket
Messages
2,142
Reaction score
28
Points
163
Location
off world
misread the title as 'margin hike humor'

but then realised it was not a misread but a translate (0;
 

DSAbug

Moderator
Messages
1,059
Reaction score
0
Points
0
^ True, but it wouldn't take 3 days to do that. If the rumor is true, it's going to be more than that.
I don't think the CME wants prices lower at this time. There is enough supply around 1800 that I doubt they would press the issue here. More likely, 1860-1880 area.
 
Top