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Message: CFTC meeting tomorrow

CFTC meeting tomorrow

posted on Mar 24, 2010 08:54PM

The CFTC is holding hearings tomorrow to discuss futures and options trading in precious metals, including position limits. I've read the arguments about gold and silver manipulation but , if true,it's not going anywhere unless something can be done about it. An obvious tipping point would be an extreme shortage of physical bullion for delivery. Another approach is to implement a transparent set of regulations that govern both trading and central bank transactions which takes a long time. Gata's Bill Murphy will be presenting tomorrow and he claims a whistleblower has come forward with evidence. The interview with BNN is found on http://www.gata.org/ . At least the CFTC has started to listen in public and there could be some fireworks at the meeting. We should know by month end if we have a gold resource that makes these articles more than just interesting reading.

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Mar 24, 2010 09:18PM
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