Barclays Says CFTC Should Delay Limits Decision Indefinitely

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Mon, 03/28/2011 - 17:28 | 1110255 jkruffin
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Bernanke intends to comply, but after he has doctored all the paperwork or trashed what needs to be hidden.  What do you think has been going on since the ruling?

Mon, 03/28/2011 - 17:28 | 1110261 Careless Whisper
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why would a criminal banking cartel comply with a court order? they already didn't comply. the order said release the list with 5 days. it's been more than that.

Tue, 03/29/2011 - 06:44 | 1111965 Thomas
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They may have complied. Bloomberg could have the info and is figuring out what to do with it.

Tue, 03/29/2011 - 00:30 | 1111658 Manthong
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It takes time to pull the Clinton industrial shredder out of mothballs and clean the cosmoline off.

Mon, 03/28/2011 - 17:27 | 1110259 Ancona
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These motherfuckers need to shut up and start getting rid of those outsized short positions. Silver should be at 150 and gold at 3K. Blythe Masters? Fuck that broad.

Mon, 03/28/2011 - 17:36 | 1110278 MarketTruth
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Dream on, the CFTC is fully captured by the privately owned and controlled Federal Reserve and their members/owners. Sure it sucks, yet did you REALLY expect anything different?

Wake up folks, the CFTC is another 'limb' of the Fed. Probably more the hindquarters actually and capable of shitting all over those not connected to the Fed 'body'.

Mon, 03/28/2011 - 17:50 | 1110354 Bay of Pigs
Bay of Pigs's picture

+1 to regulatory capture.

Makes you wonder why Ted Butler has any faith that the CFTC and Gensler will "do the right thing" on this issue. The man is a former GS criminal with no integrity at all. The COMEX itself will have to burn to the ground before true price discovery comes for the gold/silver markets.

Mon, 03/28/2011 - 18:05 | 1110420 Rainman
Rainman's picture

True dat. The intensity of bankster opposition to change is fierce. Gary is a thoroughbred Squid. If he turns Mother Teresa, then I am Mary Poppins. 

Mon, 03/28/2011 - 18:59 | 1110512 The Disappointed
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P.S. The director of the bank is Dick Van Dyke. And the song truer now than ever.

Tue, 03/29/2011 - 01:40 | 1110488 GoinFawr
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Heh, reminds of an old American folk rhyme,

"On mules we find two legs behind,

And two we find before;

We stand behind the two behind before we find

What the two behind be for.

When we're behind the two behind,

We find what these be for;

So stand before the two behind

 And behind the two before."

No reason.

Mon, 03/28/2011 - 18:56 | 1110571 willien1derland
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Well said MarketTruth - +100 - SEC is probably sending the CTFC all of their 'COMPLIANCE WEB SITES' for their review - gotta have something to do while allowing Wall Street banksters to run amok -

Mon, 03/28/2011 - 17:39 | 1110295 Robot Traders Mom
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I would much rather keep buying silver @ $37 and gold @ 1,400...

Blythe Masters is the one that allows us to keep buying before it does hit $150. The only people getting burned by her are day traders.

Mon, 03/28/2011 - 18:06 | 1110414 Shameful
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Thank you!  If I had her address I would have already sent her flowers.  I'm not going to bitch if I think someone is allowing me to buy at asset cheaper then it should be.  It's not like people walk into Walmart and demand to pay full price when something is on sale.  And if JPM is running this op, then they will be bailed out on the public dime anyway should it blow up.  TBTF like a mother!

Figure either I'll be right and we will have a crack up boom and the metals will rock and roll.  Or I'll be wrong and we'll have a massive economic boom.  I'm feeling pretty good about a boom and prepared as well as I can for crack up boom.  No way we have slow grinding austerity, Wisconsin showed that, no stomach for cuts in millions much less hundreds of billions.  It's boom or bust all the way, do or die.

Tue, 03/29/2011 - 01:06 | 1111703 Manthong
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I can’t really see this “recovery” leading to a boom. Even if all the black swans choke on halaal sushi with radioactive carp, housing is not coming back for years, oil is going nowhere but up and just the drippings from all that Bernank liquidity will push consumer prices to the moon. I’m happy for the all the time I can get to accumulate physical at these prices.   

Mon, 03/28/2011 - 17:30 | 1110263 JonTurk
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what have you been expecting? really :)

Mon, 03/28/2011 - 17:30 | 1110264 bingaling
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   I am on it . Bernanke thought the court meant business days and not "regular" days


Mon, 03/28/2011 - 17:38 | 1110293 JonTurk
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Ben is the grandson of Houdini.

Ben Shalom Visarinovich Houdini

Mon, 03/28/2011 - 18:22 | 1110462 cossack55
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The Bernank = contempt of court. Good one, Tyler.

The Bernank = contempt of humanity.

Mon, 03/28/2011 - 17:31 | 1110267 Xibalba
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Mon, 03/28/2011 - 17:35 | 1110275 boricuadigm-shift
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WTF???  This shit in CNBC? 

Silver Is Way Undervalued Compared With Gold

Mon, 03/28/2011 - 17:35 | 1110282 tekhneek
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Brilliant analysis. Just brilliant.

Mon, 03/28/2011 - 22:49 | 1111386 slewie the pi-rat
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Open interest remaining in the expiring March contract is now down to 388 contracts. Deliveries for tomorrow will be lead by Morgan for its own account. Barclays is the largest stopper once again for clients. As stated last week, Barclays has some clients who want to take delivery. Total deliveries for March thus far are 1,417.

blythe has her own silver vault, now!  faster than a speeding bullet, too...

is barclay's gonna deposit with her?

will she say:  your 5000 ounces are in our vault.  trust me.  here is you paper receipt to prove it?

last month jamie D takes gold for collateral, this month, blythe has a new, er, trading toy.


In 1913, legendary financier JP Morgan was famously quoted as saying that “Gold is money and nothing else.”

lol---he wasn't saying that in 1914!!!

Mon, 03/28/2011 - 17:36 | 1110291 malusDiaz
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Psyops:  Just like the hit job on silver & gold by Cramer.  Its not really a 'Bullish piece on silver & gold' but rather a 'If cramer is recomending it, I should short it'.


Psyops your psyops.


It may backfire though as their retard minions jump on that side of the boat.

Mon, 03/28/2011 - 17:41 | 1110317 sagefool
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Yeah, one of my mainstream/options buddies just sent me that. I was a bit non-plussed. It can't be long before Joe Investor starts buying Eagles.

Mon, 03/28/2011 - 17:58 | 1110393 ch25061
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Could it be cover to allow the silver price to rise while

still keeping gold surpressed (much easier to keep

the lid on gold).  Maybe they want to stop losing money

on silver but still point to still-surpressed gold and call the adjustment

gold-silver ratio as long overdue and nothing to be concerned

about in relation to the dollar.

Mon, 03/28/2011 - 17:35 | 1110279 tekhneek
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Oh shit! The CFTC did what the banks told them to! No fuckin' way!

Mon, 03/28/2011 - 17:35 | 1110283 ReallySparky
ReallySparky's picture

All these shenanigans make me so angry.  When will these people start following the rules and abiding by our laws?  I am kinda beginning to believe all these conspiracy theories.

Mon, 03/28/2011 - 17:38 | 1110289 Quintus
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Only Beginning?  Oh dear, oh dear....

Mon, 03/28/2011 - 19:01 | 1110586 jimijon
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Simple when we open the regulatory bodies to the public. Eliminate the agencies and instead publish the rules and the data and allow we the people and true savants to datamine and YELP the compliance. Then send it up to the judicial system.


Mon, 03/28/2011 - 17:36 | 1110287 f16hoser
f16hoser's picture

YES! I was hoping someone would say that! I need to buy more physical Silver! This will help imminsely! Keep the price manipulation going bitchez! I LUV the CFTC. Almost as much as the SEC! The SEC made me get out of the markets and into physical metals!!!!!! YIPEE!!!!!!!!!!

Mon, 03/28/2011 - 17:36 | 1110288 Dr. Porkchop
Dr. Porkchop's picture

Just keep buying and holding the physical. The banksters will keep messing around with the rules until the end, but the end will eventually come.

Mon, 03/28/2011 - 17:36 | 1110290 Djirk
Djirk's picture

Simple, margin requirments should be 100%, get leveraged speculators out of commodities. Nope not a communist and I believe the market should decide. But leverage has no place in commodities that are the lifeblood of economic growth.

Mon, 03/28/2011 - 17:40 | 1110299 mynhair
mynhair's picture


Mon, 03/28/2011 - 17:50 | 1110350 kaiserhoff
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Then, why not the same for housing?

Mon, 03/28/2011 - 17:50 | 1110353 mynhair
mynhair's picture

That is a good point.

Mon, 03/28/2011 - 18:01 | 1110394 Djirk
Djirk's picture

should be serious limits on housing too....but no one is using a house to ship goods, make coffee or computer chips. Not to mention the global impacts, US FED prints money, yield chaser leverage up and drive up commodities....people starve in Africa. I dont see that happening if people borrow 80% of the price of THIER OWN home.

Mon, 03/28/2011 - 18:53 | 1110548 leathaface
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No one owns their own home.  Dont pay property taxes and see what happens

Mon, 03/28/2011 - 19:03 | 1110591 jimijon
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Basically a depreciating option. You have the right to a profit or loss at time of redemption.

Mon, 03/28/2011 - 19:05 | 1110602 Larry Darrell
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Exactly.  Read the mortgages & deeds.  Somewhere it will require that "this property can not be sought for use as a homestead" or something to that effect.


Mon, 03/28/2011 - 23:52 | 1111570 Founders Keeper
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[No one owns their own home.  Dont pay property taxes and see what happens]---leathaface

Yeah. We're gonna have to change that.



Mon, 03/28/2011 - 18:20 | 1110454 Flyingtrader
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Do you have something against futures markets in general?  This would pretty much kill them off.  No one would pay 100% for a commodity they don't yet have posession of.


Mon, 03/28/2011 - 19:07 | 1110610 Larry Darrell
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"No one would pay 100% for a commodity they don't yet have posession of."


Actually, millions of people do this every day when they order things online.

And, everyone who "owns stocks"but does not actually have physical possession of a stock certificate does this as well.

Mon, 03/28/2011 - 17:37 | 1110297 mynhair
mynhair's picture

Where is the COMEX collapse?  Only people that can't stand up were in?

Mon, 03/28/2011 - 17:38 | 1110298 SilverIsKing
SilverIsKing's picture

What are we waiting for?  It's just more of the same. Treason used to be a crime.

Mon, 03/28/2011 - 17:53 | 1110358 mynhair
mynhair's picture

Treason used to be a crime; then we got Obama.

Mon, 03/28/2011 - 18:58 | 1110578 indio007
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Foreign nationals can't be tried for treason. 

Mon, 03/28/2011 - 19:14 | 1110628 gametracker
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Treason hasn't been a crime long before Obama.

Mon, 03/28/2011 - 17:40 | 1110302 tmosley
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Yes, and the cat wants you to leave the canary out of its cage.  Just until it can gather a bit more data on whether or not it needs to be in the cage in the first place.


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