The Residential Real Estate Post-Crash Index-Moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Les H who wrote (24445)	6/18/2011 7:40:39 PM
From: Les H	Read Replies (3) of 119360

CME Lowers Trading Margins On Comex Gold By Tatyana Shumsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Exchange operator CME Group Inc. (CME) cut the amount of collateral required to trade gold futures in a move that may invite greater speculation in gold. As of close of business Monday, speculators in the benchmark gold contract must put up an initial margin of $6,075 per contract, down from $6,751. To keep the contract overnight, these traders must maintain $4,500 of the initial margin, down from $5,001. Comex owner CME also lowered the initial and maintenance margin requirements for hedgers and exchange members, to $4,500 from $5,001 previously. "When price movement becomes less volatile, margins typically go down because the risk of the position also decreases. This is the case with the decrease in gold margin requirements yesterday," CME said. The lower margins are a boon for gold speculators, who can buy or sell more contracts with less cash starting next week. online.wsj.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next