March 30, 2010

CFTC whistleblower Maguire, GATA's Douglas interviewed by King World News

London metals trader and CFTC whistleblower Andrew Maguire was interviewed with GATA board member Adrian Douglas for 40 minutes Tuesday by Eric King of King World News
Maguire explained how he came to complain to the CFTC about silver market manipulation by JPMorgan Chase traders in London and then to Douglas when the CFTC failed to call him to testify at its hearing last week on futures trading in the metals market. 
You can listen to the interview at the King World News Internet site here:

March 22, 2010

Jon Matonis: Hunt Brothers Demanded Physical Delivery Too

Jon Matonis, who describes himself as an economist of the Austrian school living in Gibraltar, has written at his blog, The Monetary Future, a fascinating account of the infamous attempt of the Hunt Brothers to get hold of a lot of silver in 1979-80.
The biggest lesson of the story may be that, then as now, position limits in the U.S. commodity markets are to be applied against longs but not against shorts. Of course that's the big issue underlying the U.S. Commodity Futures Trading Commission's hearing on the precious metals futures markets on March 25, and GATA will try to raise it.
Matonis' essay is headlined "Hunt Brothers Demanded Physical Delivery Too" and you can find it at The Monetary Future HERE