Margins for Gold and Silver Futures Contracts to be Increased on NYMEX

This is a market that's due to correct anyway, but the strength is scaring some folks:

"The New York Mercantile Exchange, Inc. today announced margin changes for its gold and silver futures contracts, effective as of the close of business tomorrow. Margins for the May, June, August, October, and December 2006 gold futures contracts will increase to $2,750 from $2,250 for clearing and non-clearing members and to $3,713 from $3,038 for customers. All other months will remain unchanged. Margins for the May, June, July, and September 2006 silver futures contracts will increase to $6,000 from $4,500 for clearing and non-clearing members and to $8,100 from $6,075 for customers. All other months will remain unchanged."

....... http://www.JoeFRocks.com/