Realcent.org

Base Metal & Precious Metals Forum

Skip to content

Fed rethinks allowing banks to trade physical commodities

Feel free to post your economic, business and political news, reports, and predictions concerning the U.S., Canadian, and world economy here. Please keep threads and posts on-topic.
Post a reply

Fed rethinks allowing banks to trade physical commodities

Postby Country » Sat Jul 20, 2013 7:32 pm

Let's see what happens Sunday night into Monday morning... :shh:

http://mobile.reuters.com/article/idUSBRE96I17A20130719?irpc=932
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7708
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA
Top

Re: Fed rethinks allowing banks to trade physical commoditie

Postby Country » Sun Jul 21, 2013 5:42 pm

Maybe something to this. PMs up nicely tonight!
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7708
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA
Top

Re: Fed rethinks allowing banks to trade physical commoditie

Postby Country » Sun Jul 21, 2013 8:25 pm

I think this is REALLY BIG!! Next few days should show big gains if true... :thumbup:
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7708
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA
Top

Re: Fed rethinks allowing banks to trade physical commoditie

Postby Country » Mon Jul 22, 2013 1:02 pm

Months ago JPM et. al. loaded up on SHORTing PMs when the COMEX case against them was nullified by the SEC. IMO, the FED believes they have gone TOO FAR!! The intimation of FED curtailment of their schemes is causing them to stop in their tracks, while other speculators won't want to fight the FED on this. Now, the FED doesn't really have to do anything; just intimate IN PUBLIC that they don't approve of their manipulations.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7708
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA
Top
Post a reply

Return to Economic & Business News, Reports, and Predictions

Who is online

Users browsing this forum: No registered users and 20 guests

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group