Two weeks after the CME hiked gold margins by 22%, and two days after the Shanghai Gold Exchange sent them higher by 26%, here comes the CME, as we expected, with another 26% gold margin hike. And now we know that this particular margin hike was leaked well in advance, and explains the entire $100 plunge in gold today.
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Extreme times require extreme measures – the Regulators are responding – and then the market has the opportunity to respond. There is much more of this to come and the volatility will increase – it’s time to go long the vickerage …
EYE-BALL – http://www.bleyzie.wordpress.com