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<p>[QUOTE=&quot;desertgem, post: 1819254, member: 15199&quot;]Their philosophy has been that&nbsp; the margins represent changes in volatility whether up or down. It has been the bullionists that have claimed it is only raised when prices rise , but never lowered in the other direction. Since the PM bull run was rather steep and long, it probably seemed so to&nbsp; PM &quot; enthusiasts&quot;.&nbsp; Some could see this as manipulation&nbsp; to raise the demand again, but&nbsp; the CME,&nbsp; like sport betting, has to change the point spread , in order not to be caught on the far side of a balance. </p><p><br /></p><p>Yes,those who have the money and the &quot;knowledge&quot; that PM are the best for the time, can more easily control&nbsp; bull PM contracts for less. Others will see that the CME is expecting little volatility&nbsp; on the up side and more volatility on the down side and will stay away. IMO.[/QUOTE]</p><p><br /></p>

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