Replies to post #207489 on Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

dan, here it is, i didn't think i dreamed it. 1/8/2004. maybe there just weren't any speculators to shake out, and all of the interest is real? ... :-P

From http://209.157.64.200/focus/f-news/1054265/posts (via google)
From lemetropolecafe:

Did you see where Nymex/Comex already hiked margins on Silver and copper this afternoon? They did not waste any time trying to cool off silver. I hate to read too much into this but it seems awfully early in the game to be hiking silver margins. The contract just closed over $6.00 after how many years? We get a couple of closes up here and "wham, bam, thank you maam" let's kick up the margin requirements about $700 bucks a piece for the specs. Maybe they realize that a squeeze is possible as your sources have been saying. That is the only reason I can see for a margin hike this stinking early.

Here's the new figures:

Margins on the silver futures contract will increase to
$1,500 from $1,000 for clearing members, to $1,650 from $1,100
for members, and to $2,025 from $1,350 for customers.


Margins on the copper futures contract will increase to
$1,500 from $1,000 for clearing members and members, and to
$2,025 from $1,350 for customers.

8 posted on 01/08/2004 6:19:21 PM PST by Soren
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