Chart usGOLD   Chart usSILVER  
 
Food for thought
A billion here, a billion there, and pretty soon you're talking real money
Everett McKinley Dirksen  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1231.09-0.37
Silver 17.210.03
Platinum 1245.00-4.00
Palladium 780.004.20
WORLD MARKETS
DOWJONES 1676790
NASDAQ 447017
NIKKEI 15292153
ASX 539929
CAC 40 4129-29
DAX 8988-60
HUI 1850
XAU 760
CURRENCIES (€)
AUS $ 1.4388
CAN $ 1.4231
US $ 1.2663
GBP (£) 0.7876
Sw Fr 1.2060
YEN 136.8530
CURRENCIES ($)
AUS $ 1.1362
CAN $ 1.1236
Euro 0.7896
GBP (£) 0.6220
Sw Fr 0.9522
YEN 108.0600
RATIOS & INDEXES
Gold / Silver71.53
Gold / Oil15.17
Dowjones / Gold13.62
COMMODITIES
Copper 3.060.01
WTI Oil 81.14-0.61
Nat. Gas 3.60-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Bart Chilton On Silver Manipulation - Gold and Silver Coiling For a Major Move - The Next Disaster
Published : November 14th, 2012
274 words - Reading time : 0 - 1 minutes
( 8 votes, 4.6/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

In discussing the government's lack of reaction in reforming the high frequency trading developments in the market, the CFTC's Bart Chilton remarks in the video below about the unfortunate tendency of regulators not to act until something unfortunate happens as being a:

"...tombstone mentality, when you wait for a disaster before you put something in place."

The CFTC is hampered and opposed at every step of the way by the financial powers and their exchanges, who unfortunately wield a powerful and well-funded lobbying effort that tends to lead the political element in Washington by the nose, or their wallets as you prefer.

I have come to believe that the US government will do nothing effective to reform the gold and silver markets and the equity exchanges until there is a MAJOR dislocation in the markets, and a virtual 'run on the exchange.'

Change will come after the US financial system is threatened by a major solvency or liquidity event.

Whether it comes from a failure to deliver in gold and silver markets that exposes them as a highly artificial and overleveraged house of cards, or another 'flash crash' that brings down a major exchange or trading house through counter party failures, I now believe that this is what it will take to bring meaningful reform to this highly unstable financial system.

Change will be not voluntary with these greedy, self-destructive jackals, especially after the moral hazard that was introduced by the unfortunate policy of no-strings bailouts from the last financial crisis. That was a policy error of the first order.

Reform will be accomplished, but only under the duress of the next financial disaster.


 

 

 

 

 

Tweet
Rate :Average note :4.6 (8 votes)View Top rated
Previous article by
Jesse
All articles by
Jesse
Next article by
Jesse
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Jesse

Visit Jesse's Cafe Americain for refreshing news on the markets
Jesse ArchiveWebsite
Most recent articles by Jesse
10/24/2014
10/24/2014
10/23/2014
10/23/2014
10/23/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer