CME To Allow Gold As Margin Requirement Collateral

``Yet for all discussions over gold's (lack of) value, today's move by the CME is surprising as margin requirement satisfaction has traditionally been relegated to extremely liquid securities (assorted currencies). One wonders if this is merely a way for large banks to begin replenishing their depleted gold coffers (and continue shorting) after repatriation efforts by several key sovereigns in the past quarter.''