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To: wlheatmoon who wrote (11162)	8/15/2000 12:32:02 PM
From: IceShark	Read Replies (1) \| Respond to of 436258

No, it will not be looked into. We've had these discussions before, the scary one being if the equity market ever melted and the poot writers backed out and had the exchange declare a force majour. The US market is as rummy as any third world one in the final analysis. Just painted prettier. -g-

To: wlheatmoon who wrote (11162)	8/15/2000 12:56:45 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

it definitely is a situation worthy of investigation. it seems that the COMEX rules specifically favor the shorts - they don't have to produce warehouse receipts on first notice day. this has allowed e.g. the silver market to be dominated by a handful of large short sellers who could not possibly deliver the metal - holding 1/2 of annual global production short. that they can be so complacent in the face of stock piles dwindling to multi-decade lows is a sign that something is very wrong. in 1980, the COMEX simply forbade the creation of new open long positions when the big price spike in silver occurred - which in turn predictably led to the market being limit down for several days in a row. so market manipulation is not a new thing for them..it is well established practice.