The CME announced an increase in the margins on crude oil after the close on Monday. The crude markets are 12 times the size of the silver market. So far, there’s been virtually no reaction, but if they’re serious about cutting oil prices, they will keep increasing the margin until there is, and that runs the risk of chain reaction through the markets. Meanwhile, the technicals improved very slightly on stocks.
Schedule Note: The Wall Street Examiner Professional Edition market update will not be published this evening. I will be out for the evening. The report will return on Wednesday evening. A new Radio Free Wall Street podcast will be posted for podcasts subscribers at approximately 4 PM New York time today (Tuesday).
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