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Archive for 17/12/2010
CFTC meeting ends abruptly
17/12/2010 by Philinje.
It looks like the CFTC has punted on a final proposal and they did not vote on putting the rules up for public comment like they were suppoed to on Thursday. Funny thing is, if they agreed to the public comment period of 60 days, how would they make a deadline that is one month away? So either way, the deadline was in question.
http://uk.finance.yahoo.com/news/UPDATE-3-CFTC-holds-releasing-targetukfocus-666291698.html?x=0
This piece is pretty detailed and reasonably balanced. Politics are involved. But spot month position limits can be implemented right away, it seems. Maybe not the best news but still, it seems like something is really happening.
Posted in Gold | Print | No Comments »