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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (650)2/6/2003 1:28:17 PM
From: pogbull  Read Replies (1) of 1210
 
Title: Exchange to raise margins on gold futures

{{me: This looks like an effort to force out any longs who may be overextended. If your losing just change the rules, ya that's the ticket}}

209.67.30.245


NEW YORK, NY, February 5, 2003 — Margins on the New York Mercantile Exchange, Inc., COMEX Division gold futures contracts will be increased at the close of business tomorrow.

Gold futures margins will be increased to $1,500 from $1,000 for members, member firms, and hedgers, and to $2,025 from $1,350 for speculative customers.
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