As many feared the CME raised the margin requirements on gold contracts for the second time in less than 30 days. The new increases will be going in to effect at the close of business today, August 25th, 2011.
With that being said, Gold should be falling right now, instead as I write the yellow metal is flat for the day about to go positive…
It really does seem like the manipulation is at it’s tail end, as the effect from the CME has been minimal. Margins have been increased over 40% for gold contracts recently and AU is still trading over $1,700/oz.
Here is the official announcement from the CME regarding the recent increases;
The metal has pulled back this week, bringing silver slightly down with it. The window of opportunity is presenting itself once again to those that have been sitting on the sidelines. Overall nothing has changed the global financial situation continues to deteriorate and precious metals seem to be revaluing themselves accordingly to the new amount of fiat currency being introduced to the global economy.
Physical metal is more expensive to acquire than paper contracts, but having physical metal removes you from the fractional reserve system that we are drowning in. The cost of doing business on the physical side is miminal compared to the potential profits and ultmately the peace of mind you will have knowing your wealth is preserved by an asset that never has been nor will be worthless…
Contact the Rothman Group at 877.239.7269 for the many different avenues you can take to preserve your wealth during these uncertain times with physical precious metals.
Visit them online at;