"At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.
Is the European leadership doing something behind the scenes to clamp down on the rampant speculation and fraud in the paper derivatives market that has almost wrecking their economy?
Probably too good to be true.
But I am also thoughtful about the recent moves in Germany and Switzerland to audit and even repatriate their gold from the States where much of it has been kept in trusting custody these many years, fearing that perhaps it has been re-hypothecated.
All a part of the currency war, perhaps. And it is notoriously hard to see what's what when the fog of war descends..."
at http://www.marketoracle.co.uk/Article33612.html
Is the European leadership doing something behind the scenes to clamp down on the rampant speculation and fraud in the paper derivatives market that has almost wrecking their economy?
Probably too good to be true.
But I am also thoughtful about the recent moves in Germany and Switzerland to audit and even repatriate their gold from the States where much of it has been kept in trusting custody these many years, fearing that perhaps it has been re-hypothecated.
All a part of the currency war, perhaps. And it is notoriously hard to see what's what when the fog of war descends..."
at http://www.marketoracle.co.uk/Article33612.html
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