Look around the world and big risks abound. One or more countries may drop out of the eurozone. Violence may spread across the Middle East. The US Congress may yet drive the country off its fiscal cliff and into recession. An island dispute between China and its neighbours may flare up, provoking the US to intervene in the Pacific. But in my view, the single greatest risk is that [...]
If you are a former MF Global account and you have your account transferred over to RJ O’Brien, or many others, you will have no choice but to fork out a bunch of cash to keep positions on, according to a statement awaiting all such accounts on the RJO website, or else be next in line for broad liquidations. To wit: “Former MF Global customers transferred to R.J. O’Brien were [...]
Wondering why gold dropped by almost $100 today? Wonder no more: today the Shanghai Gold Exchange lifted gold margins for forward contracts the second time this month to 12% beginning on Friday, in a move that is starting to resemble the CME’s vendetta with silver back from May. Should we expect 3 more SGE margin hikes in the next 2 weeks? Or will the CME rightfully [...]
Today’s December Gold futures contract notched another all-time high trading $1684.90 before experiencing an avalanche type sell-off and trading as low as $1642.20 late in the session. The Gold market covered a very choppy, volatile, and almost surreal $42.70 trading range. The market was supported early on by the news that the Bank of Japan intervened in the currency market selling An undisclosed amount of Yen to prevent [...]
Euro pares losses on Irish debt margin hike
“The euro pared losses against the dollar Wednesday, after one clearing house raised its margin requirement on Irish debt.
On Wednesday, LCH.Clearnet Group said it raised its margin requirements for Irish government bonds to 65% from 55% in response to the yield differential of 10-year Irish government debt against a AAA benchmark.
“Looks like someone is worried about Irish losses,” said Kathy [...]
Let’s run two charts here:
What does this tell us?
First, let’s remember something about futures markets – for every long there is a short in exactly equal amount.
There has to be, since you’re not trading a physical thing – you’re trading a future promise to perform. So when you buy a futures contract, someone has to sell it to you. That person becomes short(er) than he was [...]
We all know by now that Meredith is a witch: an unpatriotic, racist bitch, who eats kittens for breakfast, who deserves to be grilled by Joe McCarthy’s exhumated corpse for telling communist truths, pardon, lies (just a Freudian slip dear Department of Central Planning and Internet supervision), and who will soon be accused of having unprotected (yet arguably consensual) sex with a Swedish man. [...]
by Alex Mai
1. Forex trading is open 24 hours a day vs. 8 hours in equity trading.
You can trade anytime you want to. The Forex trading market is open 24 hours a day, seven days a week. The stock market pales in comparison since it is only open approximately eight hours in the United States. Since the Forex trading market is [...]
Is the Kriger/Keiser “Short Squeeze JPM to Oblivion” plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that “as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery.Â It may be possible to locate incidental [...]
by Turd Ferguson
CME Group Announces Money and Margin Requirement IncreasesPosted: Nov 09 2010Â Â Â Â Â By: Dan Norcini Post Edited: November 9, 2010 at 7:37 pm
Filed under:Â Trader Dan Norcini
CME Group today announced a hike in the amount of money or margin needed to control a full-sized (5,000 ounces) silver contract. Margin for silver jumped to $6,500 from $5,000 or 30%.
Several things to know about this:
First, it is quite common to [...]
1990: 1 in 200 homes had down payment of 3% or lower
2003: 1 in 7
2006: 1 in 3
I did heartily applaud his solution to this nonsense – put all congressional pension assets into funds backed by the high risk loans mandated by federal housing legislation. It would be amazing to watch the rats scurry to actually change over to risk based lending [...]