CME has Nothing on China

The Chicago Mercantile Exchange which recently hiked margin requirement s on about a half dozen commodities just got upstaged by China which just hiked margin rates on (as I read it) virtually every commodity traded in China. Interestingly as well, earlier in the week, the Russians and Chinese agreed to start trading commodities in their own currencies rather then the standard, the US dollar. While I haven't had the time to put in the research and brain-cap on with regard to the two situations, I feel pretty confident they are correlated in some way.

China also introduced measures earlier in the week to crack down on commodity speculators. If this move doesn't work to cool inflation in hard assets like commodities, expect China to announce next, an interest rate hike.

In a somewhat related note, EDZ is looking pretty good thus far today. This is a long idea I have presented recently.