Thursday, February 9, 2012

CME Slashes Initial & Maintenance Margins for Gold & Silver!!

In an obvious sign that the CME is suffering from a massive exodus of investors in the wake of the CME refusing to make MF Global clients whole over their losses in the MFG bankruptcy (as well as due to manipulative consecutive margin hikes last May), the CME is attempting to draw speculative traders back into the PM paper market by slashing margins for gold and silver.
Yes, you read that title right.  The CME has just announced initial and maintenance margin cuts for silver (13%), gold (12%), platinum and copper!
This means silver's maintenance margin is reduced to $16,000, and gold's to $7,500.

CME Gold Silver