Silver prices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver prices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kidl	12/28/2010 11:13:41 AM
	3 Recommendations Read Replies (1) of 8010

I love this Ted Butler piece: (don't bring a knife to a gun-fight) Silver analyst Ted Butler had another commentary for his clients over the weekend... and I'll steal a paragraph from it. "While I understand Commissioner Chilton's reluctance to be openly adversarial to the CME over the issue of [silver] position limits, the CFTC's attempts to work co-operatively with the CME have yielded nothing to date. The CME has been working overtime to undermine position limits. That must be stopped. My advice to Chilton is not to bring a knife to a gunfight. It is time to lower the hammer on these SOB's. And this continuing worry... that trading will migrate to other exchanges if legitimate silver position limits are established... is pure nonsense. Let the short silver crooks go wherever they want to go; no one will follow them. Legitimate traders want to operate on legitimate exchanges and in legitimate markets. The only thing the regulators must do is to insure that the crooks dealing on foreign markets can't link their crooked trades back to our markets. If JPMorgan wants to hold crooked silver OTC positions with the Chinese or anyone else, let them. Just don't let them transfer or link anything back to the Comex."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next