Wednesday, August 24, 2011

Gold Margin Hikes and a Pullback: Variations on a Theme


The reason for dropping of the sell orders and associated derivative bets, lifting of gold into the oxygen depletion zone, with a subsequent series of bear raids, is obviously in honor of the September options expiration this week on the Comex, and the Jackson Hole speech of Mr. Bernanke regarding the Fed's next steps on currency debasement.

But for those who were looking for a margin increase,

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