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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (51213)4/17/2013 3:40:45 AM
From: Real Man1 Recommendation  Read Replies (1) | Respond to of 71456
 
mobile.reuters.com

Not them, but their masters never quit -g-

Above the law....

Under U.S. banking regulations, banks are usually barred from owning physical commodity assets that they operate.
Warehouse firms in the LME system were traditionally independently owned, but since 2010 four of the six largest players have been bought by investment banks or major commodity trading houses like Glencore International Plc ( GLEN.L) and Trafigura TRAFGF.UL.



To: ggersh who wrote (51213)4/17/2013 4:04:03 AM
From: Real Man  Read Replies (1) | Respond to of 71456
 
Since warehousing companies are now owned by banks who operate them, this should be
a pretty obvious reason for folks to press authorities to investigate
activities of these warehouses against parent firm positions. Should issues
arise, responsible parties must be jailed.

Also buried in that link seems to be the reason for a brutal bear in commodities -
hedge funds in that space appear to be dead, or close to it.


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