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Spot gold extends yesterday's plunge of 4.3%, falling another -0.4% after the CME hiked margins...

Spot gold extends yesterday's plunge of 4.3%, falling another -0.4% after the CME hiked margins 27% on its futures contract. It was the biggest drop since September 2008.
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  • User 509088
    , contributor
    Comments (1102) | Send Message
     
    have i got this right? the asia exchange ups margin requirements two days ago, driving down gold just the way silver was driven down, except nowhere near the depth.

     

    cme does it the next day, continuing the low price.

     

    that's not a correction, that's an intervention. a double shot. only pushed it down 5%.
    25 Aug 2011, 06:16 AM Reply Like
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