Wednesday, August 10, 2011

CME HIKES GOLD MARGINS BY 22%: Gold Crashes to $1802

The CME hiked Gold margins by 22% this evening at roughly 6:30pm EST, right about as gold was crossing $1815.
Gold responded by $1802.
The cartel is understandably concerned that gold is at risk of becoming disorderly to the upside (as in PARABOLIC move UP), hikes margins 22%, and gold corrects $13 to $1802!

Margins 8.10