CME margin hike rumor

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pmbug

pmbug

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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."
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http://www.tfmetalsreport.com/comment/84759#comment-84759

Uncorroborated hearsay at the moment.

:shrug:
 
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?
 
Initial margin being turned back to what it was coming into the week would be a non-event.
 
^ True, but it wouldn't take 3 days to do that. If the rumor is true, it's going to be more than that.
 
misread the title as 'margin hike humor'

but then realised it was not a misread but a translate (0;
 
PMBug said:
^ True, but it wouldn't take 3 days to do that. If the rumor is true, it's going to be more than that.
Click to expand...

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.
 
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