Re: CFTC: Gold/Silver Harder to Control...JS's take

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Re: CFTC: Gold/Silver Harder to Control...JS's take

in response to

CFTC: Gold/Silver Harder to Control

hobbers

posted on Jan 16, 2010 12:57PM

In The News Today

Posted: Jan 15 2010 By: Jim Sinclair Post Edited: January 15, 2010 at 11:10 pm

Filed under: In The News

The Skinny on Gold, Silver and Position Limits:

It is a matter of NO concern. In the unlikely case the CFTC had any success in limiting positions (most unlikely as deemed hedgers would be exempted) it would be bullish to price.

The paper exchange is where the price of gold is manipulated daily and generally that price is lower. Anything to emasculate paper gold trading would serve to emasculate the platform for manipulation.