Bix Weir: 17 requirements for a freely traded silver market structure
12:48a ET Thursday, December 31, 2015
Dear Friend of GATA and Gold:
Financial market blogger Bix Weir of the Road to Roota Letter today offers "17 Requirements for a Freely Traded Silver Market Structure," a list containing many good suggestions but perhaps omitting the one requirement that would transform not just the silver market but all markets on the planet.
That is, the U.S. Treasury Department, its Exchange Stabilization Fund, and the Federal Reserve should be required to publicize simultaneously every financial transaction they make, directly or through intermediaries, including all trades executed through the trading room of the Federal Reserve Bank of New York. Fear of disclosure of its market interventions is what long has induced the Fed to oppose legislation for a comprehensive audit of its activities.
Weir's suggestions are posted at the Road to Roota Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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