Posted 07 November 2011 - 10:48 AM
dont know if you saw this
CME Group Clarifies Maintenance Margin Ratios - Exchange to Reduce Initial Margin Ratio to 1.00 By CME Group
Published: Saturday, Nov. 5, 2011 - 11:04 am
CHICAGO, Nov. 5, 2011 - /PRNewswire/ - CME Group today is clarifying its notice to clearing firms regarding margins. In light of the issues customers transferring out of MF Global are facing, while still maintaining appropriate risk management protections for the market, CME Clearing is setting the "initial" margin upcharge to zero. This upcharge is normally applied to customer accounts when they are receiving a margin call.
The intention and effect of these changes are to decrease the size of any margin calls resulting from the bulk transfer of MF Global customers to new clearing members not to increase them.
This is a short term accommodation to maintain market integrity and provide temporary relief to customers whose accounts have been disrupted by this event.
We apologize for any confusion our initial advisory may have created.
bozos!
remember this is about sovereign debt. the sovereigns cant pay. they will either renege, or debase. it seems they are going to debase. this means the fiats will have rallies, but all rallies will result in lower prices. rallies can last a year or longer, but then its the swan dive. if you lose sight of the issue, you will be tossed around like a cork @sea.
yes, the dollar will have periods where it goes up against other fiats. betting on any fiat is a losing proposition. since the inception of the fed, the dollar has lost ----- of its pp. right now the euro has hit the skids and the dollar and gold are rallying. that too is a mirage. when it comes under scrutiny the dollar will fall also. this is all not new, a 1st run, its as old as governments.
what i see is many cbs having buy programs for gold @252 no one wanted gold , now they all want gold. do what they do, ignore what they say. if cbs start hoarding silver , it will gain in status. for now its mostly speculators and end users. which means volatility is supreme. guys/gals who look @ historic ratios are taking a slice of history and saying this is the norm - rubbish. silver does not have the status of gold. nor does it have the support of cbs. its a speculation, a good speculation @the right price, but a speculation. so watching stuff like gold made new highs and silver did not , will only serve to keep you away from the metals. the issue is debt, the rest is to satisfy someones conception of how its suppose to be
well we are over 1764 , i would like to see a couple of closes over that #. today is a good start.
dharma
greece can never pay. will they leave the euro , restart the drachma and debase?!
