“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)

"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Friday, June 17, 2011

CME Group lowers margin requirements for Gold futures

As of the close of business this coming Monday, CME Group has lowered the margin requirement for its gold contract from $6,751 to $6,075 per contract. Maintenance Margin also moves lower from $5,001 down to $4,500.

While not a large drop, it always helps on the speculative front when margin rates are lowered.


  1. Interesting to note that Gold is $50 off its highs from May, yet silver is still in the shit house, and they lower Gold!!??. I guess the perma-raise margin on silver is in effect. Well done Blythe, well done.

  2. Didnt this news come out yesterday after close?

  3. they are treating gold as money and silver as a commodity?

  4. Trying to woo silver specs into gold. It's a trap!

  5. Think of it like the Fed trying to "stabilize" things by raising and lowering interest rates. When prices skyrocket, they will raise it again. I just hope that the speculators don't pyramid up beyond what they are able to cover with the typical triple and quadruple margin hikes we have been seeing.


  6. @ Lemming:

    My thoughts exactly. Ease off on the margin req's to attract buyers and free up additional ammo for deployment during a subsequent rally. An imminent repeat of April-May wouldn't surprise me.

    Until then, the constant low-volatility grinding sends schizophrenic short-term signals that chew up day traders and confuse peripheral investors. You know the flock will pile in like it always does.

    Thinking like a fraudster has kept me alive and thriving in these markets so far...

    And good to see you back this week, Mr. Norcini. I hope the break recharged your batteries.

  7. Although I sure have alot to learn still, just wanted to thank you and Turd for what you all do so freely to help each and everyone of us! I can't imagine having to navigate the storm w/out your caring, expertise and help. Thanks just doesn't seem like enough....

  8. I can only hope that comex has destroyed their reputation with those margin increases and that investors are finding other ways to put their money to work than thru these criminals.

  9. This is to attempt to paint an "all is well" picture, when nothing can be further from the truth in silver.
    Lets put the pressure on the banksters.

    The Silver Viral Project Launches today.

    Take silver viral.
    The Silver Viral Project is accepting members now.



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