Tuesday, August 13, 2013

GUEST POST: CFTC Warehouse Investigation… It’s About Time!


For years…and I mean YEARS…I’ve been screaming from the top of my lungs that the physical gold and silver warehousing by the large banks was a complete scam. Well today it’s beginning to look like the CFTC is FINALLY going to look into the matter: CFTC subpoenas metals warehousing firm as inquiry heats up

“The source, who asked for anonymity and for the name of the firm not to be disclosed as he is not authorized to speak to the media, said the CFTC’s enforcement division has asked the firm that has received the subpoena to send, by August 23, every document, communication, voice recording, correspondence and external and internal emails related to the LME since January 2010.”
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