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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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From: Robov3/27/2014 7:27:08 PM
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Beam

   of 1954
 
Mike Kosares: Volcker Rule starts April 1 and might push big banks out of gold

Speculative trading by banks is to end in the United States on April 1 upon implementation of the "Volcker Rule," Mike Kosares of Centennial Precious Metals in Denver notes today, with implications for the gold market.

"The big trading banks traditionally have occupied the short side of the paper gold market," Kosares writes. "Some analysts feel that those positions will be handed off to the hedge fund business so things won't change much. On the other hand, hedge funds are not considered too big to fail, so their bets could be placed more evenly on either side of the market."

Kosares' commentary is headlined "April Fools Drop-Dead Date for the Volcker Rule -- What It Might Mean for Gold" and it was posted at Centennial's Internet site, USAGold.com yesterday sometime---and I thank Chris Powell for wordsmithing 'all of the above'.

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