Gold margin to be lowered on Monday

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Nessus

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Gold margin to be lowered on Monday

posted on Jun 18, 2011 07:21AM

In an earlier post I had expressed fears that the CME crooks would increase margins on gold this coming Monday AM, in Asian trading.

In fact, from Trader Dan's blog:

"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."

Link: http://traderdannorcini.blogspot.com/

Sometimes it feels good to be wrong...LOL

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