Silicon Investor (SI) -- The First Internet Community

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (56650)	10/19/2009 7:50:52 PM
From: TobagoJack	Read Replies (3) \| Respond to of 217966

just in in-tray CME To Allow Gold As Collateral For All Exchange Products LONDON -(Dow Jones)- U.S.-based clearing house CME Group Inc. (CME) will allow physical gold to be used as collateral for margin requirements on all exchange products, a spokesman said Monday. The new global policy is effective Oct. 19 in accordance with a member's notice issued late Friday, said spokesman Jeremy Hughes in London. Clearing member firms will be allowed to post up to a maximum of $200 million worth of gold as collateral to cover performance bond, or margin, requirements, Hughes said. The policy was a byproduct of CME's recent launch of clearing services for over-the-counter London gold spot and forward contracts, he said. "Many of the houses hold quite a lot of physical gold and would welcome using it more efficiently," he said. The gold will be held at J.P. Morgan Chase & Co.'s (JPM) bank in London. nasdaq.com ... to which i responded, "gold, the true money, now approved as practical and useful wealth, just took a small step towards everyday use"

To: Haim R. Branisteanu who wrote (56650)	10/19/2009 7:52:42 PM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 217966

just in in-tray, about non-usd denominated oil trade idea i wonder what the point of this is supposed to be, political grandstanding aside. every OPEC member that does not wish to hold dollars, can use its dollars to buy other currencies at any time after all. of course, if international oil trading were base currency-wise denominated in e.g. the rouble instead of the dollar, the US (and every other oil importer) would have to first buy roubles before buying oil. the effect on fx markets would be exactly the same if oil exporters were to convert the dollars they currently receive intoroubles. what currency the oil trade is denominated in is ultimately a question of convenience, and Hugo Chavez' ideas on that will make little difference. ... to which i responded "not entirely grandstanding the vast majority of usd denominated trade clears through new york and for the politically sensitive nations, entities, and individuals, they may wish for less rather than more engagement with the usa, and there for the usd there are enough instances, just under the radar, of usa courts being used by foreigners and domestics alike, to put hold/clop payments cleared through the usa, making full use of the no longer functional usa laws i.e. party a delivers to party b using party c ship; creditor party d decides to make use of usa law and nyc clearing channel to put hold on party b's payment to parties a and c, jamming up the works just for the leverage of the mess, fully understanding that a legal fight would be long and dragged out; party a and c puts pressure on party b, and gets scared to death themselves; party b capitulates without a fight, pays party d out of other monies, whether or not party d deserves such or not and instances where any tom dick and harry, including uncle tom usa, can make claim of anti-terrorism, anti-proliferation, anti-whatever, and jam up nations and companies on some black or blue or red lists, and jam up anyone dealing with such, directly or indirectly, via lock on nyc clearing function for usd some trades now clear via hkd in hk, because the people of the world are fed up so, off with hegemon, down with usd, give them to me, and power to the people platinum is individuality, silver sovereignty, and gold freedom"