I caught Gartman....he kept saying how horrible itwas to say bill murphy was right, it stuck in his throat......but he seemed more concerned with that, than accepting the fact and discussing the implications. Very conservative. Very rarely does one hear anyone in the mainstream express an understanding that currency is something that is current and can be used for trade, but represents money in the form of gold and silver in vaults. Currency and money are used in a slack fashion. then there's fiat currency....it seems to need pure blind faith, but in what?
I get the feeling part of the CFTC hearing is just to bring pressure on the shorts, publicise to buyers, and that will move things in the right direction anyway, making it easier for the CFTC to act down the line.
Was it that Madoff handed himself in........perhaps the PM manipulators will be forced to hand themselves in. Comex weekly positions not posted yet.