Lower margin requirements mean they will be able to take higher positions. Say it isn't so.
Lower margin requirements mean they will be able to take higher positions. Say it isn't so.
Margin reduction of 13% means at most they can reduce their posted collateral by 130 million.
So can the longs?
Or did they only lower margin for shorts?
Meaning they can take further positions with the same capital.
Does the cartel take long positions? I think not. They manipulation is purely to the downside.
Meaning they can take further positions with the same capital.
what's the benefit, that exists in your head?
what's the contra trade that exists in your head......i mean, actual realisable profit?
I thought you were a physical gold buyer anyway? Personally I don't complain about lower prices when I visit my bullion dealer.
It's ...to slow gold's inevitable rise as the true reserve currency of the world.
They don't need to make profit......
I'll also note that gold has now fallen quite a bit since the margin requirements were lowered. Coincidence? I think not! This basically proves my point.
I'll also note that gold has now fallen quite a bit since the margin requirements were lowered. Coincidence? I think not! This basically proves my point.
Gold back above $1600 overnight. Quite something to have the USD Index and gold price both with bullish medium term TA setups.
| Non-Farm Employment Change | 69K | 151K | 77K |
| Unemployment Rate | 8.20% | 8.10% | 8.10% |
| Average Hourly Earnings m/m | 0.10% | 0.20% | 0.10% |
| Core PCE Price Index m/m | 0.10% | 0.20% | 0.20% |
| Personal Spending m/m | 0.30% | 0.30% | 0.20% |
| Personal Income m/m | 0.20% | 0.40% | 0.40% |
| Final Manufacturing PMI | 54 | 53.9 | |
| ISM Manufacturing PMI | 53.5 | 54 | 54.8 |
| Construction Spending m/m | 0.30% | 0.40% | 0.30% |
| ISM Manufacturing Prices | 47.5 | 57.1 | 61 |
| Total Vehicle Sales | 13.8M | 14.4M | 14.4M |
It appears that the market last night rang the bell and called a bottom on both the daily an weekly charts of physical gold, futures and Gold ETF.
This next leg up should be astronomical due to the global financial system itself being on its last legs, although many still refuse to believe realities and put their heads in the sand.
Right now we have bank runs in Europe which are happening in Greece and Spain. We shpould expect over the next few days/weeks for that to spread to Italy, France Holland then the UK and finally Germany.There is also numerous reports coming out of China of Bank runs in its Provinces. Also the google search term for "bank runs" is at an all time high even bigger than the enquiries in 2008.
It is most likely in the current world climate that we should expect to see days where the Dow falls more than 1000 points at a time over the next few weeks due to both economic and geo political events including major military action in various parts of the world which may involve the use of nuclear weapons.
With times like these, investors will increasingly therefore turn to the only safe haven that is left and that is gold.
Its this kind of doom and gloom that makes me think to take of my bear suit and change into the bull suit...
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