Precious metals are falling again this morning after the CME's counterpart in China, the Shanghai Gold Exchange, followed CME's move on Friday and raised margin requirements on both gold and silver. Silver is the big loser plummeting more than over $1.40 after margin requirements are raised more than 20% from 15% to 18%. Equity futures are rising off a statement out of Europe promising more "stimulus". JP Morgan released what must be the first negative report on Apple (AAPL) in years, claiming their sources indicate a drop in 4Q iPad orders. These claims have not been substantiated but they very well could be true. Somehow I'm not worried.
This is not a recommendation to buy or sell any securities. DAK was long AAPL at time of publication but positions can change at anytime.
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