The CME decides to raise margin requirements on gold futures. Insight on what this means for gold prices going forward, with Rick Van Nieuwenhuyse, NovaGold Resources CEO.
The collapse in the silver price from $49 an ounce to below $36 is a harbinger of collapses in a wider range of commodity prices. It is the end of speculative bubbles that have been building for several months. The collapse is triggered by changes to the way the trade is executed. Look for downside in silver to around $31/ounce.