Another margin increaseHere is the reason silver being crushed !! FRom Goldalert
CME Group announced yet another series of margin requirement increases for gold and silver futures contracts.
Effective after the close of business today, initial and maintenancemargin requirements on gold and silver will increase 50%, accordingto CME Group. CME is the owner and operator of the New York MercantileExchange and Commodity Exchange (COMEX), on which precious metalsfutures contracts are traded.
Today’s announcement follows several margin increases over the pastyear, as the exchange seeks to limit speculation as precious metalscontinue to surge higher.
While these decisions have often led to short-time sell-offs in goldand silver, history has shown that these measures have little to noeffect over the longer-term.
If the CME and federal policymakers are trying to suppress the price of gold and silver, as many have suggested,they would be much better served urging Federal Reserve Chairman BenBernanke to end his reckless quantitative easing programs instead.