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The CME cuts margin requirements for trading gold contracts  by 10%, the 2nd reduction this...

  • Friday, May 25, 2012, 6:56 AM ET
    The CME cuts margin requirements for trading gold contracts  by 10%, the 2nd reduction this year as volatility in the metal's price declines. The margin required for one contract will drop to $9,113 to $10,125, effective May 29. GLD +0.2% premarket.
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This news story has 3 comments:

  •  
    This usually triggers margin calls we might buy (GLD)
    on any big dips short term bears but long term bulls
    of Gold and amply rewarded over time.
    25 May 2012, 07:41 AM Reply Like
  •  
    If I'm reading the charts of IV/HV right, HV crossed IV on 4/12 and is remaining below IV. I continue to remain bullish long term. Also bullish on Dollar and Inverse EU. Have UUP and EUO but things can change depending on outcome in Greece.
    25 May 2012, 12:46 PM Reply Like
  •  
    TC:
    Pivot: 1530.

    Our preference: bullish above 1530 with 1690 & 1800 in sight.

    Alternative scenario: A downside breakout of 1530 would open the way towards 1415.

    Comment: a support base at 1530 has formed and has allowed for a temporary stabilisation.

    Trend: ST Ltd upside; MT Bullish, we have been bullish since 17 FEB 2010 (1114).

    Key levels Comment

    1913 Swing high
    1800 Horizontal resistance
    1690 Horizontal resistance
    1559 Last
    1530 Pivot point
    1415 Horizontal support
    1315 Horizontal support
    25 May 2012, 02:29 PM Reply Like
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