Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (18242)	12/10/2004 12:27:14 AM
From: mishedlo	Read Replies (3) of 116555

CBOT raises MARGIN on GOLD by: cyrus52004 Long-Term Sentiment: Buy 12/09/04 08:09 pm Msg: 46699 of 46712 Well it looks a little more clearer why gold and silver capitulated violently on WED.Not only were technicals toppy,but the CBOT has raised margin requirements starting the business day of DEC 9. Obviously the big brokerages knew this before its annoucement and sold known that under capitalised folks would have to liquidate. No headlines announcing this Action. 100 oz Gold contracts went from $900 to $1200 for hedge and maintenance for 5,000 oz Silver went from $1500 to $1750 for hedge and maintenance. This is how they stiffed the Hunt Brothers when Silver was $50 an ounce. Raise hedge to 100%. This is the 3rd hike in two years. cbot.com.

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