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<p>[QUOTE=&quot;InfleXion, post: 1820765, member: 29012&quot;]Any amount margin is fraudulent, as it is buying with money you don&#039;t actually have. Now that they&#039;re allowing for more fraud, we should applaud? I&#039;m not defending so-called the PM gurus. They are hit or miss, with the good ones few and far between, but I certainly wouldn&#039;t be trying to defend the people who created the situation that they profit from either, and if I were I wouldn&#039;t do so by pointing out that they are inviting leverage into an over-levered market.</p><p><br /></p><p>But this is how they scare people out of metals. Invite the leverage, let it run up, then make sure everybody is watching for the smackdown. The volatility makes for some nice HFT algo profits to boot.</p><p><br /></p><p>I would add that hiking margins 5 times in a week like was done in May 2011 is excessive. The fact that that &#039;needed&#039; to be done simply emphasizies that the people in charge of controlling margins are inadequate at what they do, assuming that they are not malevolent.[/QUOTE]</p><p><br /></p>

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