I just got a note from my company's broker. They are charging 200% of the exchange minimum margin for any gold or silver trades due to the possible volatility of a Brexit. No idea how this might play into prices, just thought I would pass it along.
with the market turnaround today based on the Brexit not happening, it's odd on the timing ==> http://www.marketwatch.com/story/br...sed-support-for-the-uk-remain-camp-2016-06-20 though ==> http://www.marketwatch.com/story/how-to-profit-from-investors-obsession-with-brexit-2016-06-20 of course, they are just hedging to not lose money no matter what and just covering a succesful trade.
I find it a bit disconcerting that these countries and their threats to leave the Euro can cause this much turmoil in US markets. I honestly believe the media is hyping this stuff, and regardless - we're in for a big drop in the DOW very soon. Either way - buying physical metal is the best solution for me.
I believe its nearly across the board. I run $10+ million through this broker a year, and have a credit line of about $40 million. I believe its simply inherent volatility should the Brexit occur that they are guarding against.
Can you put a few million in an account for me to play with? I promise that if I win big, you'll get back your principal investment.
It's kinda like when the wind changes the price of oil can go up dramatically. ie, storms in the Gulf. Then when there's nothing they get windfall capital gains. It's those darn options players that are ruining a steadish stock market.
interesting article --> http://www.marketwatch.com/story/how-brexit-vote-will-shape-the-price-of-gold-2016-06-20
