The CME has raised initial and maintenance margins from $7,425 and $5,500 to $9,450 and $7,000 respectively.
Violent multi-wave cartel smashdown in gold and silver. Check.
Coordinated CME margin hike in gold. Check.
Gold and silver back below $1764 and $40. Check and Check.
QE3 is looking more likely by the minute.
CME Gold 8.24