There is no doubt they are intent on driving people into paper based investements and out of tangible assets.
BREAKING: CME Group Raises Copper Margins 15%
05 October 2011, 06:03 p.m.
By Kitco News
(Kitco News) - Margins for Comex copper futures for the February 2012 contract and deferred months were hiked 15% by the CME Group, which will go into effect after the close of business Thursday, the exchange said Wednesday.
The new initial margin, or performance bond, is $7,763 per contract, up from $6,750 per contract for speculators and the new maintenance level is $5,750 per contract, up from $5,000.
For hedgers, the new initial margin and maintenance level is $5,750 per contract, up from $5,000.
The CME Group will raise margins based on contract volatility.
By Debbie Carlson of Kitco News email@example.com;
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