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Gold/Mining/Energy : PAAS : Pan American Silver -- Ignore unavailable to you. Want to Upgrade?

To: crm114 who wrote (283)	2/8/2003 10:12:32 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 294

That is one of the HANDS DOWN WORST pieces of paranoid tripe the gata gangleader has EVER uttered!!! The hiking of margins on COMEX, or on ANY commodity is done all the time. I should know. I too, have been a licensed commodity broker in my day. There is a FORMULA that deals with the regulated amount of margins per TOTAL VALUE of a contract, that is required from players in that genre. FER GAWD'S SAKES, everyone and their brother knows that Gold has appreciated OVER $100 an oz, more like a $125 of an ounce over the $252 low to the level it is currently. The contract languaging of Commodity Futures Trading Commission contracts allows for circumstances where 100% "margin" funding per contract, regardless of whether hedging or speculating, is going to be required. Bill's bitchin' about a 50% increase in margins...that's bullshit. DId you notice how he did NOT deal with the FACT that gold has moved UP 50% from its $252 lows? This is nothing sinister, nor unexpected. Bill is AGAIN tilting at windmills. GEEEZE!!!