7) The CFTC will impose strict limit positions on all gold and silver future market players. This will include those pooled accounts.

I get a good laugh out of those commentators who believe the latest head of the CFTC is going to fix the extreme short position in the markets held predominately by a few bullion banks because he wants to do the right thing. Hahahahahahahahahahahahahahahahahahahaha.

Now it has been reported by various perceptive analysts that the GLD ETF is nothing but a slush fund for the bullion banks, most notably JP Morgan who is its bullion custodian and coincidently one of the largest bullion shorters in the market.

It has also been shown that these banks have far more paper shorts sold than actual bullion on hand.

This short position has to be dealt with shortly because more and more futures players are finally starting to smarten up and asking for delivery. Now this GDL ETF it has been reported by many analysts has probably far more futures contracts than actual gold bullion in its vaults.

Thus any new rules limiting the futures contracts held in pooled accounts would force GLD to liquidate at coincidently the same time that the bullion banks have to cover their short positions and you get a wash.

The bullion banks get to cover, the paper gold holders get settled in cash and the real bullion holders get the satisfaction that the the market rigging is at an end

F.F.