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TF Metals Report: Comex institutes trading collars for precious metals
10:15p CET Thursday, December 11, 2014
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson writes today that the CME Group, operator of the major futures exchanges in the United States, has announced that starting December 22 it will impose trading price "collars" -- fluctuation limits -- for gold and silver futures contracts, triggering five-minute trading halts if the gold price should move $100 and the silver price move $3 from the previous close. Ferguson notes that the big investment banks are under heavy criticism for rigging commodity prices and wonders whether the exchange system's action signifies their exit from commodity trading. His commentary is headlined "Comex Institutes Trading Collars for Precious Metals" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/6443/comex-institutes-trading-collars...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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