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View Full Version : Dec 16th CFTC to put limits on positions



Irishfan1
30th November 2010, 15:49
http://www.cnbc.com/id/40429111
There may be some delays but this is clearly the beginning of the end of the manipulation

valerb
30th November 2010, 17:05
http://www.cnbc.com/id/40429111
There may be some delays but this is clearly the beginning of the end of the manipulation

I'll keep my fingers crossed, but I won't bet any money on it yet.

SilverHawk
30th November 2010, 18:45
I'll keep my fingers crossed, but I won't bet any money on it yet.

Exactly.

They're still working on the loop-holes that allow no limiting on shorts and puts...

Burticus
30th November 2010, 22:08
I cannot say it better than the all-knowing Jim Willie:

"An extremely fuzzy factor is the CFTC attention. The Commodity Futures Trading Commission is supposedly investigating the Big Four Banks for gigantic concentrated short positions in the silver market, for naked shorting of silver, and for collusion with other banks. Commissioner Bart Chilton has made a lot of noise, but has done next to nothing. Some find encouragement, an absurd notion in my view. Let me know when court injunctions are slapped at JPMorgan. Several class action lawsuits against JPMorgan have begun, also encouraging, but unclear on substance. They crop up every couple weeks, the latest citing a RICO aspect. Let me know when the full force of the USGovt regulatory bodies order JPMorgan, Goldman Sachs, Citigroup, and Bank of America to liquidate even 10-20% of their short positions. Unless and until such action occurs, the CFTC chirping is just that, noise from the managerie of obedient pets who work on short leashes at the behest of bankers. Mail room clerks do not give orders or make demands to the executive suites, not now, not ever. The regulatory chiefs are mere squires to the bankers, and will follow orders, not give them. By the way, the Big Four positions are naked short positions in all likelihood. They are immune from posting collateral, as required by the metals exchanges. So they routinely sell a stack of silver whenever the price moves have been made, like in the wee hours this Wednesday and very early at the New York open. Good Morning New York resulted in almost a full $1.00 drop in the silver price, undoubtedly another naked short raid before the QE decision by the US Federal Reserve and its statement. The full impact of the ambush decline was reversed by afternoon. Right before important events deemed negative nasty to the USDollar, the Big Four go wild with naked shorts, called ambushes. The evidence, the trails, the fingerprints are easily seen except by blind men, official gold industry wonks, and USGovt regulators."

If anything, the toothless lapdawg appointees at the CFTC might put position limits on long oil contracts, in a futile attempt to slow its rise to 200 FeRNs. Even if position limits are established for silver contracts, the crime syndicate bullion banksters will be given unlimited exemptions for "hedging" silver they do not have...ahahahaha!