Calling Tyler Durden a retard is a profound insult to retards. It’s perfectly normal for margins to be raised along with the price of a commodity. The initial margin for a 100 oz contract is now $7425. This means that $7425 is all you need to speculate on $180,000 (at $1,800 an ounce) worth of gold futures. In other words, a gold speculator in only putting up $1 for every $24 of gold futures he controls. Initial margins for stock purchases also go up with stock prices - the initial margin for 100 shares of IBM at $160 is double what it was when IBM was selling at $80 a share.
Calling Tyler Durden a retard is a profound insult to retards.
Note the the margin raises in Silver were absurd compared to any standard, and I assume that this is more of the same, and do not trust an old lurker like you.
“Calling Tyler Durden a retard is a profound insult to retards.”
Really? So you have read zerohedge.com and that’s your assessment?
You’ve embarrassed yourself