Yesterday, the CFTC approved the first “trading speed bump” for US silver and gold futures markets. Normally this might only get a mention as a feature article by your friendly Gold Enthusiast, but as you will see there are some points that bear attention, and possibly even – perish the thought – deeper thinking.
You see, there’s a big difference between doing something to “do something”, and actually doing something that helps fix the actual problem. Sadly, the speed bump approved by the CFTC does not seem to actually fix a real problem, but rather just imposes a delay in the markets. Which is not what markets need. The things markets need to be policed are #1 transparency and #2 legitimacy.
What the CFTC has…
Continue reading at StockNews.com