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Futures – The CME has lowered margins for gold, silver, platinum

  
  Analysis
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Chicago Mercantile Exchange Group has lowered initial and maintenance Performance Bonds (margins) for

  • COMEX 100 GOLD FUTURES (GC)
  • E-MINI GOLD FUTURES (QO)
  • COMEX 5000 SILVER FUTURES (SI)
  • COMEX MINY SILVER FUTURES (QI)
  • PLATINUM FUTURES NYMEX (PL)
and other contracts but highlighting those above here.
New bond requirements will be effective after the close of business on Friday, May 7, 2021.

Can the Saudis destroy the NYMEX?

  
Crude, Economy, Education
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saudi_oilRead more here:
For Saudi Arabia, it is a philosophical issue that the black gold pouring out of its deserts should be treated as a tangible, physical commodity – not the paper plaything of traders on Wall Street hedging against the weak dollar. This thinking is at the heart of the Middle Eastern country’s decision last week to abandon its long alliance with West Texas Intermediate crude – the famous oil used by most global producers to price their exports to the US.
It is both a technical issue and a symbolic shift that strikes a blow to the domin-ance of the New York Mercan-tile Exchange, the world’s biggest centre of oil trading where the most popular products relate to WTI crude. (more…)

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