Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	8/11/2011 8:31:38 PM
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kingworldnews.com "The margins were raised from $6,075 to $7,400 for a full sized gold contract. When gold is making intra-day price swings of $60 to $80, you are talking about a move from $6,000 to $8,000 per contract, depending on how far gold is ranging on that day. Even $7,400 for a margin requirement on gold, I mean an $80 move on gold and all of that money is gone. That is why the exchanges begin to get nervous and want more money in the accounts in order to protect themselves from any sort of defaults coming from the customers."

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