Friday, September 23, 2011

CME Group Raises Comex Gold Margins By 21.5%, Silver Margins By 15.6%

(Kitco News) - The CME Group is raising the margins needed to trade Comex gold and silver futures are being increased by 21.5% and 15.6%, respectively, and the change will take effect after the close of business on Monday, the exchange said late Friday in a press release.  http://www.kitco.com/reports/KitcoNews20110923DeC_CME.html
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2 comments:

  1. tomSeptember 24, 2011 at 8:48 AM

    Silver is down from 50 to 30 so why was this margin increase needed. Gold was steady and I see no reason for a major hike in the margin. It is pretty clear that this is a form of killing off an industry. Anyone who buy anything but physical is crazy. Dealing with the CME is the same as going to your local loan shark and expecting him to have changed and become a good guy.

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  2. FrankSeptember 24, 2011 at 11:25 AM

    You bet. We got rid of our ETF's 3 years ago!

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