Margin Hikes On Gold

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Morpheus's picture
Morpheus
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Joined: Dec 27 2008
Posts: 1154
Margin Hikes On Gold

CME Announced 22% hike on margins for gold. Gold's now taking a nosedive. 

Stay tuned and buy the dip as the weak hands get shaken out. 

Morpheus's picture
Morpheus
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Tycer's picture
Tycer
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Joined: Apr 26 2009
Posts: 567
 I saw that. I find it

I saw that. I find it interesting that it affected the market for only a couple of hours. Are the weak players already gone?

Doug's picture
Doug
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Posts: 2792
margin hikes

Remember, margin hikes on silver last spring slapped the price down decisively and it has been range bound since then.  If gold isn't as affected, it will, I think, be a pretty significant sign.

Doug

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jumblies
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Joined: Jun 13 2010
Posts: 244
Doug wrote: margin hikes on

Doug wrote:

margin hikes on silver last spring slapped the price down decisively

In fairness though there were 5 hikes (within a week?), so gold shrugging off 1 hike is one thing but if we see a series of them then that'll be a whole 'nother ballgame. It's going to get more interesting...

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