CME Group, owner of the world’s largest futures market, raised margins on gold by 22 percent. The minimum amount of cash that speculators must keep on deposit for an initial account increased to $7,425 on a 100- ounce contract from $6,075.
via Gold Falls Most in 7 Weeks on Stocks, Margins – Bloomberg.
…..time for caution on gold/gold miners until the market adjusts to the higher margins.
Gold chart taking shape for a blow off …. precipitously steep …