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Gold Price - Where is it heading?

And you do? Please enlighten us then.

Well since you are the expert along with Explode I thought you would know how they set margin on all futs. Clearly your inference that its a conspiracy shows again the gold bugs know little about there own investment.
 
Well since you are the expert along with Explode I thought you would know how they set margin on all futs. Clearly your inference that its a conspiracy shows again the gold bugs know little about there own investment.

Well that is nice of you to afford the title of 'expert' to Explod & I. I think age & experience will always do better than youthful exuberance & selective ignorance?ld:

Well did they or didn't they raise the initial margin 25% last week?

Speculative investors in the benchmark 100-troy ounce gold contract must now put up a deposit of $8,800 to open a position and maintain $8,000 of that to keep that position overnight. That's up from previous initial margin of $7,040, and maintenance margin of $6,400.

Read more: http://www.nasdaq.com/article/cme-g...-gold-futures-25-20130620-00934#ixzz2X6gBbUG5

Conversely, from your logic, it can be inferred that you think that gold trading on the CME and others is fair & transparent? You'd be in good company as so does this bloke :chimney

<their own investment>
 
To squeeze out leveraged longs of course!

But...but...isn't it the shorts who are leveraged and trading on margin in the futures markets?

Longs only buy shares in crappy ASX mining juniors and silver coins, never the actual gold.
 

That is a darn interesting site, never even considered info from that direction! Nasdaq Eeeuuuuwww! Now I know why I hang out on places like this! It is people like you Unc who expand my knowledge! :thankyou:
 
Margins are set by volatility.

This factsheet covers it:
http://www.cmegroup.com/clearing/files/cme-clearing-margins-quick-facts-2011.pdf



Feb 2012 Initial margins were $8250, by may it was $7425, feb this year $5940.

http://www.cmegroup.com/clearing/risk-management/files/GC_2009_to_present.pdf

The recent increase is still pretty low in terms of historic margins

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Back on topic, imo today is a swing low. Aus rallied hard on Fri, but certain rebals distorted golds o/n in the US. Aus took that as a sign that everything is going to hell and washed out.
 
due a bounce.....least ways another cupla weeks of sideways pricing as is typical in the current donwtrend

and if you like your long-winded bear markets, howzabout this one:

 
Well since you are the expert along with Explode I thought you would know how they set margin on all futs. Clearly your inference that its a conspiracy shows again the gold bugs know little about there own investment.

Yep, certainly grateful for the thoughts also. Sadly though there is plenty of ex but no spurt for the crackers. And these foots margins and shorts are just too much for an old gold bug. And paper burns which is an environmental concern in my very humble view.

Did u happen to see the recent exhibition on the Wiemer Republic Art. Money went down 2000% against the US$ in one month just before the 29 crash.
 
Hey Explod got any data to prove this yet..........

I have just intimated it is too much for this ole bug. But when they can paper trade almost a years production, as happened a couple of times recently the ratio of 100 paper to one physical as referred to by some comentators must be close to the mark.

However with your great knowledge of the super fast computer paper trading of gold you can surely paint the picture clearly for us ole t..ds
 

BS like the rest of your info.

 
BS like the rest of your info.


Now that sort of an answer is rubbish.

How about your take on the physical gold to paper ratio?

I would like to be corrected properly with substance for the benefit of all of us who may be missled.
 
Current open interest which has been about the same give or take a good chunk for the last 5 years is 226,272.

Thats 22 mil oz.

How is that, as you keep saying, 100 times??

From wiki,



from my calculations thats only 800 tonnnes
 
Must be worries about gold bugs...

(IN) India Central Bank (RBI) restricts loans against gold ETFs and gold mutual funds - Source TradeTheNews.com
 
Perhaps sometimes you can be wrong about why you like something but still be right in the end?

There's been a lot of damage to the leveraged (and not so) players in interest rate world and are now finding that there's no free lunch anymore? Margin call contagon?

Conspiracies? Basically no one has turned up to bid....but some(?) is accumulating (early money?) while ETF's (retail?) are dumping?

Bullion Banks are now Bullion Bugs - or killing the goose that lays the golden egg?



Wheres the value - no bull? Poor NCM......



Monday will be interesting...........
 
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