Commodity Prices Wrong as Often as 27% of Time for Traders

http://www.bloomberg.com/news/2013-10-08/commodity-prices-wrong-as-often-as-27-of-the-time-for-traders.html

Libor and ISDAfix are part of a suite of financial benchmarks that underpin about $1 quadrillion of assets and trades, almost 14 times global economic output in 2012.

I wasn't kidding when I pointed out that the notional value of financial derivatives was over $1.2 quadrillion.  ISDA represents $400 trillion of interest rate swaps.  If bond yields rise appreciably, those derivatives would blow up the global financial system.

Three of Five Classes of COMEX Traders Record Short Gold Futures

http://www.gotgoldreport.com/2013/07/latest-ggr-video-on-youtube-three-of-five-classes-of-comex-traders-record-short-gold-futures.html

A Trader, an F.B.I. Witness, and Then a Suicide

http://dealbook.nytimes.com/2011/06/02/a-trader-an-f-b-i-witness-and-then-a-suicide/

The Traders Who Make The Big Money

The Traders Who Make The Big Money

Why they refuse to do the same with gold is really difficult to grasp unless of course they are fearful of government regulators sniffing around their business. Maybe the word has gotten out that this will be the case with any hedge fund manager who dares to try to force the shorts to delivery the gold. One thing along this line – China or Russia nor mid-Eastern interests are under no such constraints and could break the back of the bullion banks tomorrow if they chose to do so. That they have not signifies that they are not through acquiring cheap gold yet.