CFTC 'Live' Position Limit Meeting Webcast Tonight........

Discussion in 'Silver' started by SilverSale, Dec 16, 2010.

  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    SilverSale, Dec 16, 2010
    #1
  2. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Starts in about 5 mins :)
     
    SilverSale, Dec 16, 2010
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  3. Randomz

    Randomz New Member

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    The number really makes no difference as they postponed it. Gutless. They really don't want to do anything.
     
    Randomz, Dec 17, 2010
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  4. Matthew 26:14

    Matthew 26:14 New Member

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    There are thousands of overpaid lawyers/accountants/financiers whose job it is to find ways around whatever restrictions are imposed by government.

    Just look at Myer. The foreign owners swindle $687 million from the ATO but if the average citizens swindled less than 0.01% of that say $10,000, the ATO would prosecute and pillage your assets no troubles at all.

    Always easier to get 100 little guys than 1 fat cat.
     
    Matthew 26:14, Dec 17, 2010
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  5. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    It was very interesting to watch the meeting live. Bart Chilton fired up!

    If only the panel wasn't filled with cronies...

    ----

    Subject: ALERT: CFTC Meeting Ends Abruptly

    Well, the drama has intensified at the CFTC. Commissioner Gensler called an immediate end to the meeting. No vote was taken on Position Limits but he was assured through council that Position Limits were still an open agenda.

    Note that the order of the meeting was switched to put position limits last. They must have planned to stop the meeting without voting. This is ALL VERY ORCHESTRATED at the CFTC although it has left people scratching their heads.

    One thing this proves: The Implementation of Position limits is a VERY, VERY important event!

    I will send out alerts as I hear more.

    Bix

    http://maxkeiser.com/2010/12/16/alert-cftc-meeting-ends-abruptly/
     
    SilverSale, Dec 17, 2010
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  6. dccpa

    dccpa Active Member

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    My understanding is that the CFTC has no true enforcement capability. If true, then position limits are meaningless unless the exchanges agree to them.
     
    dccpa, Dec 17, 2010
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  7. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    dccpa- that is completely incorrect.

    CFTC has considerable power to enforce, they just don't use it because of systemic corruption.
     
    SilverSale, Dec 17, 2010
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  8. pmfiend

    pmfiend New Member

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    What, CFTC's one successful manipulation prosecution in its 36-year history not good enough for you?
     
    pmfiend, Dec 17, 2010
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  9. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    pmfiend, a little shabby I must say. :(

    Chilton is stirring up the hornets nest - funny the video stream was 'playing up' when he came on to speak! lol

    Just like when Bill Murphy testified many moons ago...
     
    SilverSale, Dec 17, 2010
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  10. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    SilverSale, Dec 17, 2010
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