This is one of the blogs that helps me and is listed in my links. Harvey will explain some items that I don't have the knowledge or time to go in depth with. Why I have posted this is Harvey has included a story on how today's gold and silver price movements were manipulation. There are rules and there are enforcers to make sure we all play nicely using the same rules. The question is who is to blame when things like today go unchecked. Do we blame the regulators that do not stop the fraud, or do we blame the participant that has been able to do this kind of activity for year without repercussion?
I am on a quest to find the story I saw last week (not long ago) where the (enforcer) was busy fining or jailing an individual for being over the position limit in soy beans! This is such a risk to national security they applied valuable resources to set this wrong right, and yet the investigation into silver price fixing by large banking institution using extreme short positions is now in its third year with no results. This poor soy bean trader should have shorted the gold or silver market, he could have made more money and not had to worry that the CFTC would come looking for him.
Please Look at Harvey's page.
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