Aside from the cited article by Reuters below, and the Express echoing Farage, still nothing in the major press!
Have also googled hansard + pesco, nothing there either.
[Rustling Tin Foil...]
Looked like it was gonna bounce.
Anyway a nice little winner.
Time will tell if I should have kept the last lot, big jump in euros.
So it turns out, my method of trading has been banned!
New regulations require my local bucket shop to require spurious "margin" far in excess of the risk on my INSURED positions. This prevents freeing up margin by moving stops to put on more positions.
So unless you have a ton of money deposited, you can't trade my way.
Crazy leverage now requires options, which is problematic, since speads on OTM options are outrageous.
Not sure what to do now.
JAL, they’re on to you. Seriously that sucks, squeezing out their competition so they can keep it all in the family.
In other news, just exited some long Ag at $17.06. Small profit from Friday but I like to ring the register in this volatile trading. Ready to rebuy if the afternoon goes south.
Er... New to me, lolz.
Am a little suspicious as to the motivations behind these new "margin" rules...
Thing is, obviously I'm just a tiddly little minnow but using the methods (now banned) aforementioned in this forum it's possible to use thousands to control millions...
Big players out of London can apply HUGE leverage to the market, which increases during a crash.
Looks like battoning down the hatches to me.
(Maybe the UK doesn't want to be pointed out during any post crash witchunt.)
So, not sure but, it looks like they've sought to equalise spreadbetting and futures leverage...?
Rules came in two months ago.
So I'm short the European close...
Just picture a crazed monkey throwing sh-t at the wall!
Just looks a little bit low innit.
Well since I've got no stops, no promises but, will get the crayons out.
(Not sure if I've got enough screens, lolz.)
@JAL yes rules like that usually mean they think the bottom will drop out or they want to force a movement and don’t want anyone not in the club to mess with the plan. Likely timing 1-2 months to whatever the event is.
Think champagne's off the menu for tonight, but 2500% in 40 mins may have been a little ambitious!
(I think I've found my idium...)
Things could be about to get interesting... (IMHO)
If you're only looking at things in dollars, be careful!
(Currency swings can and will make the charts... spikey.)
Big volume off the PM fix, and up, is quite the augur...
Fully expect the not so hidden hand(s) to start having temper tantrums and throwing the kitchen sink at the market as this progresses, won't work but...
If all you've got's a hammer innit.
This may just be prelude though, so don't get overextended.
Not a big one, and they're dirt cheap.
Best of luck!
Proper Comex ones.
They're just giving them away now, go figure.
Quite an exciting day really.
1:10 pm on Friday. This smells like a setup for a Silver smackdown. Exiting long and picking up shorts.
Update. All in on short with last tranche at Ag $17.35.
Decent Profit on the longs.
Let’s see what the afternoon brings.
Well, good morning Comex. Lightened up on shorts at Ag = $16.97