CME Raises Margins for Trading Gold Futures - Watch out for a correction

CME Raises Gold Margins 22% : The CME Group on Wednesday raised maintenance margins for trading Comex 100 Gold Futures by 22.2 percent, effective after the close of business on Thursday. reports CNBC today . I think the correction already started few minutes ago , CME thinks they can manipulate the market , they are wrong , they can only manipulate the market temporarily and in the main time gives us a nice dip where we can buy more physical gold , CME already have done this with silver a couple on months ago , we can lose a battle or two but we will win the war , paper money is nothing but paper Gold is the only real money , the king have no clothes and more people see that every day ....use this correction to buy more Gold ....

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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This Gold correction will be limited

Phil Streible : I think the correction will be limited , I mean last week was panic buying in the Gold , now that's starting to come off , we are looking at some key levels of support , about a hundred dollars lower from that high so $1717 and bellow that is &1680 those are our support levels , but I think gold prices are going to stabilize they are waiting for tomorrow when France and Germany meet there is no expectation that anything will come out of it , I think it will really disapoint investors and they will come back into the gold market
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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