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<p>[QUOTE=&quot;desertgem, post: 1324441, member: 15199&quot;]I think any effect on metals or any commodity will be that of concern that any brokerage is co-mingling your funds with theirs on very risky trades. If they win, they just put your funds back, if not, then you get a MF Global. MF Global made a 6 billion dollar trade (bet) on the European sovereign on margin. The expected action on the various euro-debt such as Greece, Italy, etc. went bad, and there were margin calls, and MF Global didn&#039;t have enough cash of their own to meet the margin calls and &quot;allegedly&quot; used segregated funds from their clients, such as those investing in commodities such as agriculture, and others ( most likely some with PM also). But they were still losing and more margin calls came, and this is where it gets very murky... see this column for some conspiracy theories, involving JPM and others, who may have been on the other side of the trade, or ( conspiracy alert) facilitated the trade so it appeared that the now bankrupt , thieving company, was actually maybe transferring customers funds to &quot;partners&quot; and then going bankrupt and claiming they don&#039;t know how it happened nor where the missing money is. All reports seem to clear the CME who evidently reported MF Global to the SEC.</p><p><br /></p><p><a href="http://www.zerohedge.com/category/tags/mf-global" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com/category/tags/mf-global" rel="nofollow">http://www.zerohedge.com/category/tags/mf-global</a></p><p><br /></p><p>Some commodity traders with MF Global have &quot;misplaced funds&quot; that they may never get back, and as I recall there is no government guarantees on these accounts. Many had to liquidate their commodity holdings as they could not meet any margins.</p><p><br /></p><p>PM are down, but that has much more to do with the USD and gold/silver&nbsp; itself than any action of MF Global. IMO.[/QUOTE]</p><p><br /></p>

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