And There's Your Perfectly Leaked Explanation: CME Hikes Gold Margins, Again, This Time By 27%

Zero Hedge ^ | 8/24/11 | Tyler Durden

[Nachum]

Two weeks after the CME hiked gold margins by 22%, and two days after the Shanghai Gold Exchange sent them higher by 26%, here comes the CME, as we expected, with another 26% gold margin hike (previously: "Should we expect 3 more SGE margin hikes in the next 2 weeks? Or will the CME rightfully accept the baton and do everything in its power to dent the parabolic rise in the alternative reserve currency? We are cautiously looking at what the CME will do today and will advise readers."). And now we know that this particular margin hike was leaked well in advance, and explains the entire $100 plunge in gold today. And as a reminder, the August 1 CME margin hike worked... for about 30 minutes.

[blam]

My personal position is bullish on precious metals and bearish on the stock market. I don't know how you've read otherwise into anything I've posted from anywhere.

Propaganda? I have no idea what you're talking about. I could care less what you or anyone else do with your investments, period.
I've received three 'thank you's' (and keep it up) from FReepers this week for the articles I post, you're the only whiner/loser.

I post what I believe are interesting and relevent stories of the day from a number of sources.

If you don't like'em, don't read'em.

[traderrob6]

So typical, when you have a BS defense, call names.

[blam]

Defense? I'm not defending anything but my right to post as I desire.

You're trying to CENSOR!

Try this for a defense:

"The First Amendment (Amendment I) to the United States Constitution is part of the Bill of Rights. The amendment prohibits the making of any law “respecting an establishment of religion,” impeding the free exercise of religion, abridging the freedom of speech, infringing on the freedom of the press, interfering with the right to peaceably assemble or prohibiting the petitioning for a governmental redress of grievances."

Be a good little boy now...run along.

[Atlas Sneezed]

I’ve received three ‘thank you’s’ (and keep it up) from FReepers this week for the articles I post...

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Count me as the fourth.

[blam]

"Count me as the fourth."

Thank you.