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Feb 16/gold Rocked Again But This Time Demand From Europe Raises Gold’s Price Above $1200/ China Increases Its Debt By 520 Billion Dollars Equivalent In January Alone And Also An Increase Of $1 Trillion From October/china’s Exports Falter A Huge 6.6% Last Month/japan’s Gdp Goes Negative Again In Last Quarter/ In The Chinese Brokerage Business 98% Of Clients Fled, Having Cashed In/deutsche Bank’s Stock Continues To Plummet: Today 1.3% And Yesterday Over 5%/turkey Set To Invade Syria And Russia Gives A Stern Warning To Both Saudi Arabia And Turkey Not To Enter/ecb Set To Eliminate The 500 Euro Note/
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
harveyorganblog.com / by harveyorgan / February 16, 2016
Gold: $1,207.50 down $30.60 (comex closing time)
Silver 15.33 down 45 cents
In the access market 5:15 pm
Gold $1200.60
silver: 15.20
The major reason for gold to be “under the weather” on Friday and on Monday was the following story I highlighted Friday night: the crooked CME raised margins on gold futures at the close of trading today.
(courtesy Kitco)
CME Group Hiking Margins On Comex Gold Futures As Of Friday Close
Friday February 12, 2016 08:07
(Kitco News) – CME Group is raising margins on gold futures as of the end of business on Friday, the exchange operator reported.
The “initial” margin for speculators on the Comex division of the New York Mercantile Exchange will rise to $4,675 from $4,125. The “maintenance” margin for existing accounts, as well as all hedge accounts, will increase to $4,250 from $3,750. The margin will also change for smaller-sized contracts.
Margins act as collateral for holders of positions in futures market, with traders putting up only a small percentage of the total value of a contract. In a notice late Thursday, CME Group said the increases were “per the normal review of market volatility to ensure adequate collateral coverage.”
The post FEB 16/GOLD ROCKED AGAIN BUT THIS TIME DEMAND FROM EUROPE RAISES GOLD’S PRICE ABOVE $1200/ CHINA INCREASES ITS DEBT BY 520 BILLION DOLLARS EQUIVALENT IN JANUARY ALONE AND ALSO AN INCREASE OF $1 TRILLION FROM OCTOBER/CHINA’S EXPORTS FALTER A HUGE 6.6% LAST MONTH/JAPAN’S GDP GOES NEGATIVE AGAIN IN LAST QUARTER/ IN THE CHINESE BROKERAGE BUSINESS 98% OF CLIENTS FLED, HAVING CASHED IN/DEUTSCHE BANK’S STOCK CONTINUES TO PLUMMET: TODAY 1.3% AND YESTERDAY OVER 5%/TURKEY SET TO INVADE SYRIA AND RUSSIA GIVES A STERN WARNING TO BOTH SAUDI ARABIA AND TURKEY NOT TO ENTER/ECB SET TO ELIMINATE THE 500 EURO NOTE/ appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/16/feb-16gold-rocked-again-but-this-time-demand-from-europe-raises-golds-price-above-1200-china-increases-its-debt-by-520-billion-dollars-equivalent-in-january-alone-and-also-an-increase-of/
