Commodity Trade Mantra

Posts Tagged ‘Commodity Futures Trading Commission’

Net Longs at All-Time Highs in Equities, Dollar, Bonds... Also in GOLD?

Speculators have been net long the US Treasury market, the S&P 500, Dow, NASDAQ & the US dollar. To say that market positioning is wildly extreme right now would be an understatement. But if there is no fear, then how is it that the net speculative position on gold on the COMEX is near an all-time high? Ditto for silver where longs have soared to an unheard-of 96,782 contracts. Makes sense?

CFTC doesn't know, nor wants to know Anything about the Commodity Market Rigging

Being unaware of the Deutsche Bank market rigging story, untill 10 days later, gives the impression that the CFTC not only doesn’t know what’s going on in its jurisdiction but also that it doesn’t want to know. It is additional evidence that certain commodity market rigging is outside the commission’s concern because the governments are the actual perpetrators.

Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement

Investors had accused Deutsche Bank, HSBC & ScotiaBank of abusing their power as three of the world’s largest silver bullion banks to dictate the price of silver. Deutsche Bank has agreed to settle the litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC to fix silver prices & also to EXPOSE other Banks. The full shocking letter can be read here.

What's Really Driving the Rally in Crude Oil Prices?

Does the huge rally in crude oil mean it’s time for us to bet on higher prices? Or is this rally doomed to fizzle? As crude oil has soared over 50% since Feb. 11, the number of bets on increased prices has barely budged. It’s been a hell of a bottom-bouncer so far. But we need to see more evidence before we’re ready to declare this new crude oil rally alive & well.

Soros, Icahn And Major New Players Rushing Into Gold

Keith Neumeyer, the CEO of one of the world’s lowest-cost primary silver producers, says that the negative headlines surrounding history’s most trusted monetary instruments will soon give way and the smart money, including the likes of George Soros and Carl Icahn, is taking massive positions ahead of the breakout.

Paper Gold Market Seem Completely Disconnected From Physical Gold Market: Why?

The paper gold market is telling one story. But the actual physical bullion market is telling quite another. It’s not clear exactly who is suppressing precious metals or why, but it is quite apparent that prices on paper exchanges are completely disconnected from reality, as retail buyers are taking this opportunity to scoop up gold and silver at prices that are 50% or more off their highs.

Central Banks and Our Dysfunctional Gold Markets

The love-hate relationship between governments and gold is complicated. It is because gold is a competitive national currency that, if allowed to function in a free market, will determine the value of other currencies, the level of interest rates and the value of government bonds. Hence, central banks fight gold to defend their currencies and their bonds.

One Of The World's Largest Silver Miners Slams The CFTC About Silver Market Manipulation

A Canadian silver miner has decided to take the CFTC to task about the concentrated shorting in Comex silver market. We salute First Majestic with this first public appeal by a corporation to CFTC to stop the rigging in the silver market, but have absolute certainty that this complaint too will promptly end up in trash.

CME Implements Gold, Precious Metals Circuit Breakers Up To $400 Wide

Effective for trade date Mon, Dec 22, 2014, & pending all relevant CFTC regulatory review periods, NYMEX & COMEX will implement new Rule 589 (Special Price Fluctuation Limits) to apply price fluctuation limits to precious metals futures and options contracts. Wonder why now & what does CME know about upcoming volatility that nobody else does.

How Much Does It Cost To Keep JPMorgan FX-Riggers Out Of Jail?

Another day, another major bank adjusts its reported data based on ‘all-new’ information about regulatory probes over its market manipulation. Last week was Citi, this week it’s JPMorgan… with a double-whammy. The SEC had sanctioned 13 firms – including JPMorgan – for violating a rule primarily designed to protect retail investors.

Banks Sued on Claims of Fixing Price of Gold

The lack of prohibition against trading during the calls allows defendants to gain an unfair trading advantage because pricing information exchanged during the calls provides them with insight into the immediate future direction of gold and gold derivative prices.

US Government Has Rigged Precious Metals Markets For 80 Years!

The 60 Minutes coverage only included the tip of the iceberg about how US stock, bond, currency, and commodity markets are manipulated. The US government has been involved in manipulating these markets since the mid-1930s! High frequency trading is just one small tactic used to rig markets.

Silver Price-Fixing Conspiracy Theorists Lose Battle But Continue War

Despite legal arguments presented by dozens of appellants, the US Second Circuit Court of Appeals ruled that silver price manipulation theorists had legally failed to show that JPMorgan had manipulated the silver market. The alleged silver price fixing by JPMorgan may be headed to the Supreme Court

Suing JPMorgan and the COMEX For Precious Metals Manipulation

Presenting a guide for how & why JPMorgan & the COMEX (owned by the CME Group) should be sued for their manipulation of gold and silver (& copper, too). I am certain that the coming physical silver shortage will end price manipulation, but I see nothing wrong with trying to hasten that day.

CFTC Investigates The "Secret" HFT-Exchange Incentive Programs

CFTC is aiming at the relationship between HFT firms & major exchanges, examining whether the preferential treatment, market operators offer them, puts other investors at a disadvantage. Probe focused on incentive programs that give high-volume trading firms financial benefits to execute trades.

Blythe Masters Withdraws From CFTC : Furious Twitter Backlash Blamed

Blythe Masters’s appointment drew criticism from Twitter users who questioned the propriety of her advising the regulator of futures & swaps. Perhaps there is some justice in the world. Does this premature resignation also confirm that allegations against the JPMorganite, are in fact true?

The Farce Is Complete: Blythe Masters Joining CFTC

That’s right – you read it correct: Blythe Masters, head of JPMorgan Chase & Co.’s commodities division, is joining an advisory committee of the U.S. Commodity Futures Trading Commission, said Steve Adamske, a spokesman for the regulator.

Gold Is On Sale - So Is It Time To Buy Gold Now?

By now, everyone knows of the shortages in the gold market; JPMorgan has to be as aware of that as the rest of us. It just isn’t safe for them to continue to lean on the market. Being aware, it looks like they are taking the bet that gold will rebound, so they could do well on the other side of the trade.

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