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Gold is higher following the CME's Friday announcement of a cut in initial gold margins to...

  • Monday, December 31, 2012, 1:17 PM ET
    Gold is higher following the CME's Friday announcement of a cut in initial gold margins to $6.6K/contract from $7.425K, effective January 2. The maintenance margin will be a lowered to $6K from $6.75K. GLD +1.4%, though the bulk of the gain has come in the last hour.
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    I just wish I could trust the exchanges, the ETF's and the brokers. I don't, so go buy the physical. Sorry. but that's the way I feel. I don't care what margin they require, I am staying away. Once burned is enough for me.
    Capt. Brian
    The Lost Navigator
    31 Dec 2012, 10:55 PM Reply Like
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