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can anyone give me a run down on mf global and how it will impact metals
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<p>[QUOTE="fatima, post: 1324653, member: 22143"]I agree that it will reduce the activity in paper trades of gold and silver futures which may cause paper prices to fall. They will fall until there is a disconnect with the physical stuff which there is a high demand for. </p><p><br /></p><p>It takes a DOJ prosecutor to bring charges to Corrzine before he can be sent to the courts to be sentenced to jail. At this point, despite the evidence, none have done this with Corrzine or any of his executives. This, close to two months since the crimes took place. Corrzine has direct and personal connections to Obama, Biden, and has been a big fundraiser for the Democratic party. I guess we will see how much this helps him, but if they don't do something significant, then expect that confidence in the CME to erode very fast. </p><p><br /></p><p>How does this affect gold & silver? I don't think anyone knows because the entire system depends upon the faith that laws will be upheld. The lesson however is that if you decide to get into the gold and silver market, then you better do it in such a way where you directly control physical access to the metal.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1324653, member: 22143"]I agree that it will reduce the activity in paper trades of gold and silver futures which may cause paper prices to fall. They will fall until there is a disconnect with the physical stuff which there is a high demand for. It takes a DOJ prosecutor to bring charges to Corrzine before he can be sent to the courts to be sentenced to jail. At this point, despite the evidence, none have done this with Corrzine or any of his executives. This, close to two months since the crimes took place. Corrzine has direct and personal connections to Obama, Biden, and has been a big fundraiser for the Democratic party. I guess we will see how much this helps him, but if they don't do something significant, then expect that confidence in the CME to erode very fast. How does this affect gold & silver? I don't think anyone knows because the entire system depends upon the faith that laws will be upheld. The lesson however is that if you decide to get into the gold and silver market, then you better do it in such a way where you directly control physical access to the metal.[/QUOTE]
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can anyone give me a run down on mf global and how it will impact metals
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