Under free market conditions, such an event involving an international player in precious metals would be quite bullish for physical prices. Notice however, the NY cartel raid early this morning and capping ever since. What are the odds of Nadler finding a new job at J.P. Morgan?

Regards - VHF

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Kitco Named By Revenue Quebec In Massive Tax Fraud Investigation, Seeks Receivership

Jesse

June 10, 2011

...It will be interesting to see if Kitco gets the receivership they have requested, and how this affects the settlements, if any, of their unallocated pools of gold and silver.

There may be more to this than appears on the surface based on the company's request for the court to appoint a receivership so that it may "continue normal operations."...