They raised the margin requirements on wheat and corn by 50 and 30% effective this morning.
One firm is gonna get a $125 million margin call due to this. It's gonna pull a lot of speculation out of them and will affect all commodities. Basically the same thing that drove them down last week where the Hedge funds had to deleverage!!
Gold holding up nicely though :)
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1 comment:
Joe..whats you target for skf...if you don't mind me asking.
mdp
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