GOLDBUGS AMEX Goldbugs Index (GOLD)

[peel+green]

I don't hold out much hope or confidence in the start of the Volker Rule provisions for gold, but I'm happy to be proved wrong.

We have had blatant position-maximum busting manipulation in the Comex under the corrupt protection of the CTFC for a long time.

Why would the banks start to get timid now? Surely the most likely outcome is 'more of the same.'

The banks have been protected under the TBTF/TBTP care of the Justice Department so the Volker Rules are just so much lavatory paper.