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<p>[QUOTE=&quot;GoodWoodRice, post: 1177280, member: 29641&quot;]Cme has raised margins for crude oil by 25% was announced tonight. I am expecting this to have a negative effect on all the big commodities over the next few days.</p><p><br /></p><p>&quot;</p><p>Some brilliant Chicago-based exchange apparatchik just ask himself this&nbsp;&nbsp; simple question: &quot;If it worked so well with silver, why not do it with&nbsp;&nbsp; crude?&quot; The answer is here: the CME, as we predicted last week, just&nbsp;&nbsp; hiked initial and maintenance margins on Crude and Brent by 25%, as well&nbsp;&nbsp; as FX, and other petrochemicals. And, oh yes, this is prudent risk&nbsp;&nbsp; management, because while the CME kept margins flat when WTI was at&nbsp;&nbsp; $115, the massive spike from $97 to $102 is unbearably destabilizing. At&nbsp;&nbsp; this point one can only stand back and watch as the CME proceeds with&nbsp;&nbsp; hike after hike, in an absolute vacuum from the administration, which&nbsp;&nbsp; certainly had nothing to do with this decision. And really who cares:&nbsp;&nbsp; free capital markets died on March 18, 2009.&quot;[/QUOTE]</p><p><br /></p>

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