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SPDR Gold Shares Message Board

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  • madhavev madhavev Aug 26, 2011 6:06 PM Flag

    CME increased margin requirements

    I agree but the CME can curb the enthusiasm and craziness causing the surge (if they really intend to). next week will tell the direction of gold price. today's action is purely emotional. when asian markets open Shangai exchange can step up and raise the margins. Here is the thing..equities and gold can not rally together forever like they did today..I consider going long equities for the next few weeks and take the advantage of coming gold's drop and go long when it hits $1625

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