Swap Dealers are Underhedged Bookies Now
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Housekeeping: Good Morning. We will be doing a breakdown on Swap dealer risk and roles tomorrow on this program
Today:
* Premium Analysis: Citi analysis
* Discussion: Swap Dealers are Unhedged Bookies Now
Premium Analysis: Swap Dealers are Unhedged Bookies Now
Quick note: Gold and Silver margins were raised by Comex last night. This is intended to dampen speculative volatility.
Comex raises margins Gc to 11k from 10.5 Si to 11.5k from 11k No real shorts left to cover… now nibbling away at ROI for newer…
The skinny
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