CME Goes To Collateral DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!? | ZeroHedge This is very disturbing news. Expect gold and silver and all other commodities to take a bath on Monday. Should be a good buying opportunity if you can find a dealer still willing to sell when the spot/futures market tanks.
Well, we had the price increase on peanut butter, well last night ( I think!???) I heard there is NOW a meat ( beef) shortage, so prices will necessarily have to increase as the demand goes up!
^ Yep. The original CME press release was not very clear and left room for misinterpretation. ZH wasn't the only place that misunderstood it. Not sure why the CME made the margin change for all accounts if they only intended to protect MF Global transfers from immediate liquidation. Should be an interesting week in the markets.
