Thursday, August 25, 2011

3rd CME Gold Margin Hike Imminent?

Interactive Brokers has just warned their clients of additional imminent margin hikes in PM's.
2 gold margin hikes down, 3 more to go until May's silver total of 5 is reached.
Humorously, if the cartel does not start hiking silver margins along with gold, they will soon be driving recent gold longs back into silver.


Thu Aug 25 13:54:57 2011 EST

As a result of the continued volatile trading environment, please be advised that exchange margins and/or house margins are likely to increase overnight and over the next couple of days, particularly in the metals. For exchange specific increases, please visit the respective websites. IB will also be increasing the gold derivatives margin. Please monitor any affected holdings closely and manage your risk accordingly.