By 22%. Here we go again.
LOS ANGELES (MarketWatch) -- U.S. exchange operator CME Group CME said late Wednesday it is raising the margin requirements for trade in a wide range of gold products, effective Thursday. The speculative margin requirement for a new position in Comex 100 gold futures will rise to $7,425 from $6,075, or to $5,500 from $4,500 for existing "current maintenance" margins. However, benchmark gold futures extended their rise in the wake of the announcement. Comex gold for December delivery GC1Z rose to $1,807 an ounce from its $1,784 New York settlement level Wednesday, ahead of the CME announcement.
And Radigan just went fucking awal...watch the whole video please...this is one of the greatest rants I have ever seen in the history of my life