Friday, August 19, 2011

Metal Manipulation Next Week?

Zero Hedge is reporting that Interactive Brokers are warning of a Margin hike from the CME.
This worked on rising Silver a few weeks ago and the market manipulators are going to try it on Gold.
Problem is that this just gets the weak hands and the newbies out and sets up the metals for a huge run.
John Embry writing in Investors Daily Of Canada explains how this will happen. IF the CME does increase margins on Gold, expect prices to cool off for awhile.

Interactive Brokers Warns Gold Margin Hike Imminent, CME Next?
NYMEX
The first shot was just fired in today's battle with daily record gold prices. IB always tends to be a few minutes ahead of the CME. And following last week's 22% margin hike in gold, we are confident the CME will do everything in its power to pull a "silver" on gold. Are we about to experience a barrage of margin hikes in gold? Stay tuned and find out.

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