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To: re3 who wrote (22165)9/27/2000 1:53:03 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
the CFTC doesn't say who they are. but they're at it for quite some time now. obviously they must feel that there's no risk attached to this...which to me is circumstantial evidence of manipulation. no-one in his right mind would engage in such extreme exposure in a commodity the stock piles of which have shrunk to a multi decade low unless they had some assurance that their ass will be covered in an emergency. the CFTC has already stated that in case the market got 'disorderly' (read: goes up quickly), these dudes will not need to come up with the metal. or it will just proceed to kill the market like it did in palladium. yesterday palladium volume had shrunk to 12 lots. and the warehouse stocks have come down by half, to some negligible three figure amount. all to protect the shorts in palladium...it's the exact opposite of the stock market, as commodity price rises are considered "bad" (they're only good for the third world producers of the commodities, whom we like to keep under pressure as much as possible...imagine these guys getting a piece of the pie...the scandal...)