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To: Crimson Ghost who wrote (85798)	9/19/2008 11:18:50 AM
From: Riskmgmt	Read Replies (2) \| Respond to of 116555

<<Apparently the Comex has just hiked margin requirements on gold and silver.>> Can't find it on the news wires, got a link?

To: Crimson Ghost who wrote (85798)	9/19/2008 11:20:12 AM
From: Mike Johnston	1 Recommendation Read Replies (1) \| Respond to of 116555

This will not work. This week's fireworks in gold was just a preview of what happens, when someone decides to take a few billion out of the financial system and put it in gold. Apparently the movement to gold this week was in response to concern about safety of funds in the banking system. But it can also happen out of concern about loss of purchasing power of funds in the banking system, which is what the ultimate outcome of all this is going to be IMO. With hundreds of billions of freshly printed money thrown around like loose change, this can happen sooner rather than later.

To: Crimson Ghost who wrote (85798)	9/19/2008 11:28:24 AM
From: Mike Johnston	Respond to of 116555

"Comex has just hiked margin requirements on gold and silver" Higher margin on gold ? Next step would be to lower margin requirements on financials. LOL

To: Crimson Ghost who wrote (85798)	9/19/2008 11:30:52 AM
From: Riskmgmt	Respond to of 116555

Never mind i found it. you were right wow. Comex Raises Margin Rates on Gold Contracts by 47%, Silver 20% By Stuart Wallace Sept. 19 (Bloomberg) -- The Comex division of the New York Mercantile Exchange raised margin payments on gold and silver futures by as much as 47 percent after price swings accelerated. The margin rate for Comex members advances to $5,500 a gold contract from today, from $3,750, the exchange said in an e- mailed statement late yesterday. The new rate for non-members is $7,425, from $5,063. One contract represents 100 ounces. For silver futures, members will pay a margin rate of $6,000, compared with $5,000 previously. Non-members will pay $8,100, from $6,750. One silver contract represents 5,000 ounces. The rates represent the cash traders must put aside when buying and selling the commodities. Gold surged the most in nine years on Sept. 17 while silver rose the most since 1979. To contact the reporter on this story: Stuart Wallace at swallace6@bloomberg.net. Last Updated: September 19, 2008 03:52 EDT

To: Crimson Ghost who wrote (85798)	9/19/2008 12:24:03 PM
From: bull_dozer	Respond to of 116555

Those who really want to get in to PMs would probably care much less about margin... Message 24962585 The higher margins would keep speculators away and minimize the wild swings in price. No? As of now both gold and silver both are up about 2%.