Case Closed: CME Hikes Gold, Silver, Copper Margins

Sorry for being a slow on posting the story of the CME margin hikes, I do occasionally have to sleep, although by the timings of some of my posts many may wonder when. 

Unlike most CME margin hikes, whilst suspect, could be argued they were in reaction to sharply rising prices in gold or silver but these particular hikes are against a back drop of a few weeks of flat prices, then of course plunging prices as those in the know got a whiff of the coming hikes seem particularly manipulative to the downside.

From Zerohedge:

And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved.

But taking a long term view the 10 year trend is still your best friend:

To paraphrase Monty Python looking at the 10 year graphs vs. the last two days moves in gold and silver...."Tis but a scratch"

From the movie The Holy Grail

Black Knight: I move for no man.
Arthur: So be it!  (Arthur cuts off the Black Knight's left arm).
Arthur: Now stand aside, worthy adversary.
Black Knight: 'Tis but a scratch.
Arthur: A scratch? Your arm's off!
Black Knight: No, it isn't.
Arthur: Well, what's that then?
Black Knight: I've had worse.