Tuesday, March 23, 2010

CFTC and position limits this Thursday

Thursday, March 25 could be a historic date for precious metals investors, as the CFTC will hold a hearing on position limits and exemptions.


Let's hope CFTC Chairman Gary Gensler takes the proper path. I have my doubts, because the bullion banks have had free reign to manipulate the precious metals pits forever, and Gensler's history at Goldman Sachs leads me to believe it will be business as usual at the CRIMEX-er, COMEX.

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