CFTC admits one Trader is SHORT 23% of the silver contracts - possible position limits ahead.
they are shorting so much to keep the price supressed - and that the tax payer will bail out any losses.these guys are so stupid. limiting positions would only make the markets less efficient. it would produce worse liquidity and greater price swings with worse spreads. complete crap and they should know it. these guys are a disgrace. regardless of who holds what eventually market forces will play out no matter how large ur holdings.
the allowance of cash settlement for shorts, while convenient, is what makes for large speculation.
a market should exist only for those that deal in what the market is offering. if you dont mine or sell gold, and cant deliver if you short it - why the hell are you allowed to do so - thats the problem in my opinion.
Goody for Americans this agency is also gonna regulate the carbon credit markets! not suprising, we can secure that not with worthless cash, but cow farts. A clearinghouse would be nice,- that's common sense but what's the point if there's "communication issues"?