Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Silver: 'Banging the Close' of the Comex Session

IMG Auteur
Published : March 21st, 2012
140 words - Reading time : less than a minute
( 4 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

 

 

 

 

There was a fairly heavy-handed smackdown of silver into the close of the Comex day session.

Maybe four or five years from now the CFTC will do something about it as they did with
the MF Global trader, who had been 'banging the market close' for a couple of years, when they wanted to show they were finally doing something about the markets.

Except he was just 'one of the usual suspects', and not too big to prosecute. And he was banging the metals up, which is counter to 'The Plan.'

Mind you, I'm not necessarily complaining. Just keeping the record straight, and making sure you all know about it so you can't say no one ever told you. And so when what happens, happens, you will know why.

Oh, you believe this price action?

And now, The Muppet Show.



 

 

Companies Mentionned : Metals X |
<< Previous article
Rate : Average :5 (4 votes)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Aurcana(Ag-Au-Zn)AUN.V
Change of Auditor
CA$ 0.24-2.04%Trend Power :
Corporate news
Gray Rock(Au)GRK.V
Gray Rock Closes Non-Brokered Private Placement
CA$ 0.02+0.00%Trend Power :
Corporate news
BowmoreBOW.V
Bowmore Closes First Tranche of Private Placement and Resignation of Board Member
CA$ 0.07+0.00%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Newmont Mining Acquires Cripple Creek from AngloGold
US$ 23.67+2.33%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Newmont Mining Asset Optimization Efforts Encourage Analysts
US$ 23.67+2.33%Trend Power :
Corporate news
Teuton(Ag-Au-Co)TUO.V
Teuton’s Harry and Silver Crown Properties located West and East of Ascot’s Dilworth Property up for Option
CA$ 0.08-5.88%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
This Week In Energy: Top 4 Reasons Oil Prices Are Heading Back Down
€UR 25.54-0.66%Trend Power :
Corporate news
PetrobrasPBR
Petrobras to Sell Stake in Bijupira & Salema Fields for $25M - Analyst Blog
US$ 8.83+2.08%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
Shell to Go Ahead with GoM Appomattox Deepwater Project - Analyst Blog
€UR 25.54-0.66%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
BP to Settle Federal, State GoM Oil Spill Claims for $18B - Analyst Blog
US$ 41.29+5.14%Trend Power :
Corporate news
Comments closed