Wednesday, August 24, 2011

What happened to Gold?

It seems that Gold has been targeted by exchanges. The CME raised gold margin requirements by 26% today. This is 2 days after The Shanghai Gold Exchange raised their margins by 26% and only two weeks after the CME raised them by 22%.

This is forcing some investors to sell or add more capital. They are trying to put a limit on speculation.

This info is courtesy of AFG.