After the markets closed Reuters posted an article on their website that will have MAJOR ramifications in the commodity markets. Here's the article:
Insight: Wall Street, Fed Face Off over Physical Commodities
http://www.reuters.com/article/2012/03/0....E8211CC20120302
Here are some important passages:
"While the battle over proprietary trading and new derivatives regulations has taken place largely in public view since the 2008 financial crisis, the fight by JPMorgan Chase, Morgan Stanley and Goldman Sachs to retain or expand their prized physical commodity operations - most acquired in only the past six years - has remained hidden."
"The company is engaged in discussions with the Federal Reserve regarding its commodities activities. If the Federal Reserve were to determine that any of the company's commodities activities did not qualify for the BHC (Bank Holding Company) Act grandfather exemption, then the company would likely be required to divest any such activities."
But regulators and lawmakers may not be in the mood to give way. Banks are under pressure to reduce risk on their balance sheet; as commodity prices rise again, they may face more allegations that they could use these assets to drive prices higher or lower, squeezing them for trading profits.
"Yet it may be JPMorgan, which has eclipsed long-time market leaders Goldman and Morgan under commodities chief Blythe Masters, that will be first to feel its effects."
This is a VERY big deal. That's why it was posted on a Friday Night! If the Banksters are no longer allowed to trade in commodities the "official manipulation" of the monetary metals will end. Interestingly, it's JP Morgan and Blythe Masters that are signaled out as being "first to feel its effects"!
BUT BEWARE OF MASSIVE VOLATILITY WHILE THE BANKSTERS TRY TO CLOSE OUT THEIR POSITIONS!! UP AND DOWN!! Stay safe with your metal outside of the system. Just ride out any action.
I don't think that this story is coming out now by accident.
I think...IT'S TIME!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - Private Road Members should read the Time Line article for hints as to what's looming over the next few weeks.
http://www.roadtoroota.com/members/794.cfm
Insight: Wall Street, Fed Face Off over Physical Commodities
http://www.reuters.com/article/2012/03/0....E8211CC20120302
Here are some important passages:
"While the battle over proprietary trading and new derivatives regulations has taken place largely in public view since the 2008 financial crisis, the fight by JPMorgan Chase, Morgan Stanley and Goldman Sachs to retain or expand their prized physical commodity operations - most acquired in only the past six years - has remained hidden."
"The company is engaged in discussions with the Federal Reserve regarding its commodities activities. If the Federal Reserve were to determine that any of the company's commodities activities did not qualify for the BHC (Bank Holding Company) Act grandfather exemption, then the company would likely be required to divest any such activities."
But regulators and lawmakers may not be in the mood to give way. Banks are under pressure to reduce risk on their balance sheet; as commodity prices rise again, they may face more allegations that they could use these assets to drive prices higher or lower, squeezing them for trading profits.
"Yet it may be JPMorgan, which has eclipsed long-time market leaders Goldman and Morgan under commodities chief Blythe Masters, that will be first to feel its effects."
This is a VERY big deal. That's why it was posted on a Friday Night! If the Banksters are no longer allowed to trade in commodities the "official manipulation" of the monetary metals will end. Interestingly, it's JP Morgan and Blythe Masters that are signaled out as being "first to feel its effects"!
BUT BEWARE OF MASSIVE VOLATILITY WHILE THE BANKSTERS TRY TO CLOSE OUT THEIR POSITIONS!! UP AND DOWN!! Stay safe with your metal outside of the system. Just ride out any action.
I don't think that this story is coming out now by accident.
I think...IT'S TIME!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - Private Road Members should read the Time Line article for hints as to what's looming over the next few weeks.
http://www.roadtoroota.com/members/794.cfm