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re: Big Banks playing dirty in the metals market
Posted on 2/14/14 at 3:12 pm to BennyAndTheInkJets
Posted on 2/14/14 at 3:12 pm to BennyAndTheInkJets
Was a large investigation by the CFTC at one time. It fizzled out. There was, and is, a lot of smoke on this. Some stuff I would call settled fact, some stuff I would call reasonable speculation, and some stuff is pretty far out there.
Posted on 2/14/14 at 3:47 pm to Iowa Golfer
quote:
Some stuff I would call settled fact, some stuff I would call reasonable speculation, and some stuff is pretty far out there
Agreed on all cases. I just think something is horribly screwed up when banks are taking bail outs with public money on one hand and then speculating (which is bad enough) and manipulating commodity markets on the other hand. They are screwing the same public that is bailing them out by driving up prices of various goods in a dubious manner.
Just to be perfectly clear I see nothing wrong with speculating the in commodity market. I've traded gold, oil, wheat, corn, platinum, and others myself. Speculating when backed by the US government and its taxpayers is pretty bogus IMO.
This post was edited on 2/14/14 at 3:49 pm
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