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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tommaso who wrote (80931)12/6/2000 9:40:44 PM
From: Archie Meeties  Read Replies (2) of 95453
 
Instead of price controls, there will be NYMEX controls. I don't know if its been discussed here or not, but the first step to dampen a commodity is to tighten the margin requirements and squeeze out small, speculative long. If worse comes to worse, the margin requirement may exceed the contract value. Exactly such control was used in the palladium trading this year. As you can imagine, this is an effective way to eliminate speculation on the long side and stabilize, if not lower, prices.
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