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Watch CFTC Webcast On Position Limits Live And "Banging The Close" Free
The CFTC webcast on position limits and how to best preserve the status quo in precious metal market manipulation is starting. Readers can watch it at the following link.
Full hearing link
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Children by the millions scream for Bart Chilton:
http://www.youtube.com/watch?v=sTSJYZyouek
I junked me, too. God forbid any attempts at humor.
(and I just junked this, too)
Me too - you should be ashamed of yourself! A YELLOW HAT!!!! What is the matter with you!
As soon as that ass quoted Krugman, I knew what the outcome was going to be. WHat a completely corrupted POS!
well, you have to at least appreciate how they are making public the complete corruption of our markets.....
i mean, at least we're being honest and giving the world fair warning that our markets are no longer free, fair or transparent.
well, you have to at least appreciate how they are making public the complete corruption of our markets.....
i mean, at least we're being honest and giving the world fair warning that our markets are no longer free, fair or transparent.
It doesn't matter as much in these days of multiple huge ETFs and vast physical holdings. THe US and IMF dropped the ball on gold price manipulation during this crisis by repeatedly selling off their once dominant holdings and placing it right into the hands of emerging economy central banks. They now have dollar protection and leverage in the global currency wars. Also physical gold holdings of wealthy individuals has never been so high since before 1933.
Commodities; yet another of the myriad of rigged ways opportunity cost/lost and stealth taxation is taking a bite out of your ass, compliments of the gaming of the entire system.
fraud and corruption in public. let me guess - this will be delayed for further study while the morgue piles up more cash
Exactly. If this is not the case, you will eat my hat.:)
Why does Gensler have his fingers crossed?
Digi-lexia?
Maybe he's reminding himself that he'll have to pee later.
Reminding himself to keep his fingers out of the euro-usd cross.
Sounds like position limits are going on the backburner for a while.
Guess PMs will be hammered again today because the EE will use any chance to do that.
These guys are asking pre written question and answers? why have this meeting if it is staged?
Exactly what I noticed too. This stinks of a "check the box" and/or "cover your ass" meeting. f'ing BS!
Bang Dai-Close
WORD!! I heard about that stock! The chinese cotton apparel company that's going to make all the uniforms for U.S. prisoners.
I don't need no stinking retirement account - gonna be REEEECH bitchez!
Chilton is on the phone?
This is a huge meeting were is he?
duct taped to a chair after the waterboarding
It all looks so scripted.
fuck the CFTC, Chilton included...they aint gonna do a damn thing except what they been doin...nothin...look at what the fucking bankers r doing to both metals AGAIN today just coincedentally siding with another 450k hitting the bread lines....fuck all bankers...
they should all be catching hot slugs...yeah i said it and mean it...
Bankers will have to continually attack PMs...in perpetuity. They cannot allow you to have faith in anything but the stud man USD...which, ironically, they use to play Whack-a-Mole with every day to make their commodity positions go up every day...hey, wait a minute.......
Nope, nothing for the CFTC to do here...and we should all move along. After all, hedge funds need to hedge...and naked short sell things...and corner markets...and jack oil up into our keesters when there is plenty of oil around and so on and on and on. After all, how else is L. Blankfein going to keep the light on at L.B. Wildest Dreams Park [oil futures]? Those guys have buckets and buckets of caviar to eat, buddy.
Move along...nothing to see....
P.S.
At least today, the CEO of the largest silver manipulation bank is busy right now groveling to the government to get millions of tax payer dollars for selling putrid AIG shares into the market...so we have that going for us ;)
Excellent. This gives me more time to accumulate physical. If the LBMA and COMEX hold out, I would project an average price of $40/oz this year. That means I'll be able to boost my stash by some 20% this year.
Wheeee! This investing stuff is easy!
Damn, I can't watch the vid. Can't seem to play in on my iMac. It's a small price to pay to have Microsoft out of my life, though. Thanks for the updates. Not anywhere near selling my physical yet. haha Take that, CFTC bithez!
Upgrade your Flash or whatever vid software you have. It worked great on my MacBook Pro.
Dexter, you may want to take a look at installing Flip4Mac and VLC.
fuck the CFTC, Chilton included...they aint gonna do a damn thing except what they been doin...nothin...look at what the fucking bankers r doing to both metals AGAIN today just coincedentally siding with another 450k hitting the bread lines....fuck all bankers...
they should all be catching hot slugs...yeah i said it and mean it...
Scott D O'Malia wants to know about hedge exemptions and the penalties for disclosing internal CFTC information. Lots of questions....
Hmmm...
This is ridiculous. There not going to do anything. Chilton is not there because he doesn't want us to see his face after lying to us.
They basically said they have limits that don't matter
"Hedge Exemptions"
good thing they didn't sell tickets to this stinkfest.
4-1 Sommers is a NO
4-yes 1 No... what does this mean? position limit is in place?
Goes out for public comment. Final vote to implement in 60 days.
Check it out. In honor of this dog and pony show da boyz at the Comex are having a paper drive.
http://www.kitco.com/
this is like watching some ncaa basketball games before they implemented the shot clock. it will go into the scorebook that a game was conducted, though little action was seen, and the final score was 3-1.
stinks.
The CFTC was established for the purpose of facilitating banker corruption of commodities, Gold. The CFTC is an arm of the mafia banks.
If and when everything crashes and there is blood vengence in the heart of Americans it will be people like the CFTC and banksters that will be dragged onto the streets for public executions. Therefore they all probably have hide aways in South America.
Some great posters in this Irish protest:
http://dailybail.com/home/may-god-protect-global-bankers-irish-leaders-c...
PMs coming back from the dunk on good volume. Wd love to see Blythe go into the holiday weekend with a sore ass.
...just the usual daily SEC/CFTC-approved manipulation. It won't be long now.
LOL Nice call and lets hope for a tail piping for the banksters soon!
If they maintain the status quo for some time longer, what's the bad news then (unless one is speculating on higher short term prices)? No one is going to sell his silver since it is a long term investment and more silver to buy at discount prices. I'm not complaining (only when they jam the price below the price of scrap metal perhaps).
sarah is hot!
What is that blonde talking about, I can't make head or tails out of it.
She's talking about: the eventual authorities regulations that she believes the proposal will be proposed at a later point. I think generally speaking that is correct. That regieme, if that swap dealer is not a bank, I can check this later, but that ummm, under title II it would not be considered but we can follow up on that topic.
CFTC's head Gensler spent 18 years with Goldman, sure you want to watch this. Or maybe not.
What a waste of energy--nothing accomplished just more twaddle dee twaddle dumb---time to buy more TP as the amount of crap being spewed is way over hip deep.
Missed the webcast. What did they decide on Position Limits?
Nothing
This meeting reminds me of a town with 18 citizens and all of them are on the city council.
Nothin but intellectual masturbation dog'n pony show, as the corrupt bought & paid for cftc enter another round of circle jerking!!
We can only pray they would succeed in bringing silver down to 1 dollar so everybody can load up big one more time :)
You so right, SD.
For someone used to paying around $7/oz, I just find it impossible to pay going rate. Stupid I know, just can't do it.
Mm-mm-mm-mm-mm-hm! Ooh-oo-oo-oo-er. Mm-mm-mm.
Jah would never give the power to a baldhead
Run come crucify the Dread.
Time alone - oh, time will tell:
Think you're in heaven, but ya living in hell;
Think you're in heaven, but ya living in hell;
Think you're in heaven, but ya living in hell.
Time alone - oh, time will tell:
Ya think you're in heaven, but ya living in hell.
Back them up; oh, not the brothers,
. . . -Bob MarleyBut the ones who sets 'em up.
From Market Watch:
CFTC proposes stringent commodity limits
http://www.marketwatch.com/story/cftc-proposes-stringent-commodity-limits-2011-01-13
"WASHINGTON (MarketWatch) -- Seeking to combat manipulation and speculation, the Commodity Futures Trading Commission on Thursday voted to propose a rule that would restrict the number of commodity futures and option contracts that any investor can hold in energy, agriculture or metals derivatives. "Position limits help to protect the markets both in times of clear skies and when there is a storm on the horizon," said CFTC Chairman Gary Gensler. The proposal was introduced by a vote of 4-to-1. "
I missed the broadcast - based on multiple comments above, it sounds like the MarketWatch is its traditional misinformation, yes there is a proposal for comment going out, but as for restrictions and position limits, the exemptions and exceptions are big enough to drive a billion Brinks body bags filled with paper PMs, contract Crude, and digital Derivatives through...
It's a vote for 60 day comment period:
The CFTC today voted 4-1 to propose rules that would limit the number of contracts a single firm can hold. The public has 60 days to critique the caps. O’Malia said he’s “very skeptical” about the proposal, though he voted to put it out for comment. No date is for a final vote on the rules.
http://www.bloomberg.com/news/2011-01-13/commodity-speculation-limits-di...
They can only manipulate it as long as the faith in fiat currencies work. Faith will be lost then so will their power.
When the commissioner asks about reports / reporting apparently there is none.
They are totally clueless and not managing anything, no deadlines to improve.
They are mandated to introduce them by the 16th of this month.
I did not hear the entire broadcast, but it sounded to me like they were going to put limits however when they violate the limits they just vote to see what to do. It's not a hard limit and what difference does it make if they just allow them to stay over the limit?
This accomplishes nothing.
I had a totally different idea of what “position limits” meant. I didn’t realize it meant the sole position for retail investors was bent over, holding our ankles.
Pass the Vaseline please...
The cartoon teddy spoke the truth.
ALL HAIL THE TEDDY!