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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (57525)3/15/2008 8:48:19 PM
From: GoldBull no bug here  Read Replies (1) of 78428
 
LT - you reminded me to check in on Sinclair. I thought this was interesting. My interpretation - buy physical, hold physical, screw paper contracts. But, I'm no lawyer.
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Jim Sinclair's Commentary:

Huh? Now here is something on a Gold Exchange Trading Fund that only an attorney might understand, maybe not.

Proposed Exemptive Order for ST Gold Futures Contracts
Friday, March 14, 2008; Posted: 10:13 AM

Mar 14, 2008 (FIND, Inc. via COMTEX) -- STT | news | PowerRating | PR Charts -- SUMMARY: The Commodity Futures Trading Commission (Commission) is proposing to exempt certain transactions in physically delivered futures contracts based on streetTRACKS(R) Gold Trust Shares (ST gold futures contracts) *1 from those provisions of the Commodity Exchange Act (CEA or Act), *2 and the Commission's regulations thereunder, that are inconsistent with the trading and clearing of ST gold futures contracts as security futures. The proposed exemption would be conditioned on the compliance of transactions in ST gold futures contracts with the requirements established for security futures. The authority for the issuance of this exemption is found in Section 4(c) of the Act. *3
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