"As most readers know by now, CME raised margins on gold futures by 27%, leading to the selloff. Is this some sort of conspiracy against gold? No, not all. If it wasn't the CME curbing the frothiness in the market, gold would have tumbled back down anyway... and perhaps in a much more violent fashion. If traders really felt there was room to go higher at the moment, more of them could have stayed in the market."

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