CME may monkey hammer all commodities on Monday

Discussion in 'Financial Cents' started by pmbug, Nov 5, 2011.

  1. pmbug

    pmbug Golden Cockroach

    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.
  2. Gunny Highway

    Gunny Highway Hard Work and Sacrifice blessed by God's Grace

    Damn ! This could be real bad news - real fast...gotta hope its just a rumor at this point...
  3. larryinalabama

    larryinalabama Monkey++

    Hope gas prices drop some more
  4. dragonfly

    dragonfly Monkey+++

    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!
  5. Gunny Highway

    Gunny Highway Hard Work and Sacrifice blessed by God's Grace

    We plant less acreage and grow less so we can charge more ?
  6. TXKajun

    TXKajun Monkey+++

    Uhhh, turns out this is a no-never-mind. ZH screwed up.

    No reason to panic.

  7. pmbug

    pmbug Golden Cockroach

    ^ 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.
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