Keep in mind that commodity initial margin is going up all over the place, in many cases significantly above exchange margin (in one case up to $30K for a single SI contract)...as seen below. However, the DX contract margin rate has remained the same...many people are going to attempt to replicate Silver and Gold (or other commodity longs) with short DX contracts. I guess they are going to do this just to see what it looks like to wipe out the rest of their accounts...the results are likely to be a HUGE rally in the dollar and quite a lot more pressure on inflationary assets.
All in all, I have to say the Ben BURNanke did a great job...built the perfect credit inflated asset bubble blow up. I think he should have legal conesqences for his idiocy and manipulation...
Monday: New Home Sales
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Weekend:
• Schedule for Week of December 22, 2024
• Ten Economic Questions for 2025
Monday:
• At 8:30 AM ET,*Chicago Fed National Activity Index* for Novem...
3 hours ago