You are currently browsing the Fintelligence weblog archives for the day 15/12/2010.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Nov | Jan » | |||||
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
- Dollar Collapse (17)
- General (24)
- Gold (186)
- 06/06/2011: The recovery failed
- 26/05/2011: Silver again
- 13/05/2011: $450 silver and $12,000 gold
- 11/05/2011: Oh well
- 09/05/2011: Some explanations
- 06/05/2011: NFP surprises
- 05/05/2011: Hi ho silver!
- 04/05/2011: Gold hits support and can still hit new high
- 04/05/2011: Is the top in? Maybe not
- 02/05/2011: Margin requirements take down silver
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- August 2008
- May 2008
- April 2008
Archive for 15/12/2010
CFTC position limits - coming soon
15/12/2010 by Philinje.
Here’s a great piece in the mainstream press about the position limits that will be imposed by the CFTC. You might recall I posted a letter based on a campaign by Ted Butler during the public hearing part of the discussion process at the CFTC earlier this year.
The funny thing about this article is the headline is wrong, and very misleading. Bart Chilton has been a vocal proponent of doing the right thing, ie imposing limits and ending the blatant manipulation by a very small number of big banks, especially in silver. So - ignore the headline.
You will note the mention of Gary Gensler, the CFTC Chairman, who is now memorialized in public thanks to this article as a proponent of the changes. And you will notice the timing - mid-January for energy and metals. There has been speculation that the dates would slip but the slant of this article seems to say that won’t happen.
JP Morgan went on record this week to say they would reduce their short position in silver, and it’s true their short position has gradually been reduced over recent weeks. But there’s still a long way to go. The meeting at the CFTC tomorrow will be significant, and one outcome is the mid-Jan deadline being upheld. That would mean a lot of short covering in the next few weeks.
Posted in Gold | Print | No Comments »