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To: carranza2 who wrote (70388)	1/15/2011 8:42:37 AM
From: carranza2	Respond to of 218361

zerohedge on the CFTC's recent shenanigans. Perhaps all is well, since demand for PMs is so strong. I figured as much, though I was unaware of the CFTC's actions, and bought a terrific mid-tier gold miner with gusto and abandon yesterday Message 27095352 : zerohedge.com With the US Mint selling silver at an unprecedented pace, it was only a matter of time before the silver shortage would be spotted across the Atlantic, where distributors ran out of both gold and silver on a daily basis during the first time Europe became insolvent some time in early May 2010. Sure enough, BullionVault.com has announced that it has run out of silver in Germany "due to high demand." In the meantime, the CFTC's actions have succeeded in allowing the JPM's suppression of precious metals markets to continue indefinitely, yet all its actions have really done is to provide a short-lived lower cost basis for the precious metals as there is no indication demand is subsiding. At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM (we wish we could say the same about Ben Bernanke to whom JPM's role as head of the tri-party repo clearing market is irreplaceable in maintaining an orderly shadow liquidity market).

To: carranza2 who wrote (70388)	1/15/2011 1:55:10 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218361

No wonder my short of JPM isn't doing well over the last couple of months. I had thought that the public's and politician's willingness to transfer funds to JPM and others was pretty well exhausted, but no, it seems JPM and co get another free pass. It's like Calvinball: <Once again, all sense of fair play has been abandoned in the interest of giving a special handout to a set of large banks that are reporting near-record earnings. When, I must ask, is enough enough? The message that I receive from this ruling is that US markets are now hopelessly and irrevocably captive to the behind-the-scenes wishes of the banking class, for which "everything and then some" seems to be not quite enough. Worse, an already-battered faith in the markets has been kicked again. Here's my prediction: Someday the US commodities markets will experience a very painful set of failures, big banks will be caught on the bad end of that experience, and they will simply, once again, lobby to have the rules changed in their favor > Mqurice

To: carranza2 who wrote (70388)	1/15/2011 8:14:10 PM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 218361

Well.. silver may go down now due to the equivalent of "Naked Short Selling" in the silver markets. That's what it is, isn't it now? Selling more of a commodity than physically exists (where precious metals, bonds, or equity shares)?? It's counterfeiting.. And it's been going on in the stock markets for many years now as shorts have not been required to have a physical "locate" on the stock they are borrowing to sell. I believe the same has been the case in the US government bond markets for awhile now as well: ipsnews.net Demand was driving US Treasury yields down to near 0%, hence the permission to sell "Naked" what they did not possess at the time in order to keep yields higher. Of course, the government DID then pass a massive stimulus package to increase the supply of US Treasuries.. Hawk