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Thread: Gov't moves to limit speculative commodity trades

  1. #1

    Default Gov't moves to limit speculative commodity trades


  2. #2

    Smile Stand for delivery?

    Quote Originally Posted by Castillb2010 View Post

    From the link....underlined mine.
    The restrictions are aimed at Wall Street firms and others who trade them to profit from swings in market prices.

    Who are the OTHERS? Is mandatory delivery an option?

  3. #3

    Default

    that sucks, i was just thinking about jumping in on the action...

    https://www.kitcomm.com/showthread.p...28#post1197828

  4. #4

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    Here we go. One of the preconditions to a hyperinflation is scapegoating the speculators. As if we were the ones debasing the dollar. Dangerous times ahead.

    "The growing role of hedge funds, financial traders, and long-term passive investors in energy and other commodity markets has had devastating consequences for the average American," the senators wrote. "These speculators have contributed to rising volatility and periodic price spikes in the cost of gasoline and food."
    "Because gold is honest money, it is disliked by dishonest men."

  5. #5

    Default

    Time to double down on my, "Buy what you eat. Eat what you buy." Stockpile, before "hoarding" become a crime.
    Lords and Voices, friends and kin. Evil lurks, the Moon does spin. The Wind calls, the need is great. Prepare yourself, do not wait.
    Gresham's law
    "which states that when government compulsorily overvalues one money and undervalues another, the undervalued money will leave the country or disappear into hoards, while the overvalued money will flood into circulation."

  6. #6

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    There will some crying here when everyone realizes they will limit the speculative longs, as well.

  7. #7

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    Since the fox is guarding the henhouse is there any doubt as to how, and upon whom these rules will be applied?

    Obama names JPMorgan's Daley as top aide
    http://www.reuters.com/article/idUSTRE70540N20110106

  8. #8
    Join Date
    Apr 2010
    Posts
    9,850

    Default

    Dang........I'm gonna miss those contracts that I stand for delivery then allow myself to be "bribed" with cash as an alternate settlement. I hope I don't have to get a real job.............................................

  9. #9

    Default CFTC Proposal

    The proposal was formally introduced by a 4-to-1 vote. Interested companies, traders and others will have at least 60 days to comment on the proposal before Gensler can bring it up for a final vote.

    http://www.marketwatch.com/story/cft...its-2011-01-13

    Thought I would post here because silver is where most of the fuss is about limits. I will be contacting my congressman and telling him I want more regulation on big business and less regulation on the little guy in general. Why should JPM have huge positions in short silver long copper (rumors of 90%). I blame the crony financial industry/regulatory cabal for the disfunction of our markets. Let's put some pressure on these politicians.

  10. #10

    Default

    Thanks... maybe the mods can merge it with this thread... same topic really

    https://www.kitcomm.com/showthread.php?t=74352
    "Because gold is honest money, it is disliked by dishonest men."

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