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gharma

05/26/12 1:08 PM

#7222 RE: DAC64 #7221

Here is one with implications that will not escape the silver/gold bulls among us, who have probably already seen this.
Wall Street Journal says Comex has been classified as 'too big to fail'
http://www.gata.org/node/11412
It is really a need-to-know item if one believes precious metal futures are extremely overleveraged, if CME (and perhaps the other two houses/firms mentioned) will be implicated in the MF Global fiasco/settlement, if one believes the slamming of silver prices at times in the past year were protective actions on behalf of CME, and/or if one recognizes the ability for China to raid the claimed tonnage behind the GLD ETF.