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Replies to #17788 on Research Pit
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investor15

06/26/11 5:45 PM

#17801 RE: Mr. Zen #17788

Monday, June 20, 2011 Another Broker Halts Trading In Gold And Silver Products
CMC Markets, a broker out of Australia, is now advising customers that gold and silver trading will be prohibited in a month. Specifically, CMC has said that beginning July 29, it will no longer offer nor roll any of its existing gold and silver CFDs (Contracts for Difference).

Forex.com announced on Friday that it would stop trading its OTC gold products in July because of provisions of Dodd Frank Act that will kick in.
Note: At this point this does not appear to relate to non-leveraged gold purchases, including gold coins, but it appears that things are at least going in the direction of tracking gold coins.
http://www.economicpolicyjournal.com/2011/06/another-broker-halts-trading-in-gold.html