CME Increases Gold Margin Requirements By 27%

SAN FRANCISC0 (MarketWatch) -- The CME Group Inc., the parent company of the main metals and energy exchanges in the U.S., on Wednesday announced an increase in margin requirements to trade gold. The money needed to trade gold contracts increased 27%. Initial margin requirements rose to $9,450 from $7,425 per 100-ounce contract; maintenance margin requirements rose to $7,000 from $5,500, both effective as of the close of trading on Thursday. The CME had increased margins for gold two weeks ago by 22%.

CME letter follows.

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[DailyBail]

WASHINGTON (MarketWatch) — The U.S. will record a budget deficit of $1.28 trillion this year, the Congressional Budget Office said Wednesday, a small improvement from last year’s number but still the third-biggest in 65 years.

http://www.marketwatch.com/story/cbo-trims-us-budget-deficit-forecast-2011-08-24

Tax revenues are slightly higher than expected.

[ain't bullshitt'n]

Take it all the way to 100% and let's have some REAL price discovery........F-U...Ben and Timmmayyy.......Gold $10,000....Playa'....WalStreetPro had it right....max out the AMEX on Physical Metals and strategically default........AB

[ain't bullshitt'n]

Side note: quit paying bankers mortgages, squat in your house for the avg 500+ days it takes to foreclose, then cash in your metal and PAY CASH for a smaller abode.....Problem Solved....you are welcome AMERICA....AB