CMC Markets, a broker out of Australia which offers Contracts For Difference (CFDs) to its clients, has just formally joined the increasingly larger group headed by Forex.com (discussed on Saturday) which is now advising customers that gold and silver trading will be prohibited in a month. Specifically, CMC has said that beginning July 29, it will no longer offer nor roll any of its existing gold and silver CFDs.
ZH: Another Broker Halts Trading In Gold And Silver Products
Does anyone have a grasp yet to what on earth this end of trading means for options and the near term price of silver?
It seems its destined to tank in the enar term or is this really no big deal?
The relevant information is even on the image posted by Tyler, and I quote:
"Please note that XAUUSD and XAUUSD (Spot Gold and Spot Silver) will still be available to trade"
So, the ZH report is completely wrong, this has nothing to do with Dodd/Frank 742(a).