Friday, September 23, 2011

More on CME

I just realized in addition to hiking margin requirement on gold, silver and copper, they also hiked requirements on the 30 year bond. Considering this hike didn't hit until after hours and the PM markets sold off on the open, something obviously isn't right in the world of fair markets.

In the last post I surmised that the leak, which is confirmed out of CME, probably happened overnight, but yesterday after the close I posted this, showing distribution that I assumed was profit taking in TLT, a 20+ year bond ETF.

Then today it looked like this.

Large scale distribution in TLT. And they always say Bond Traders are the most well informed!

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