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Skylane15

Skylane15
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  • CME sued over HFT [View news story]
    Another suit brought by members against the board and mgnt, both these suits are brought by members. Members who have been in the business for years, these members know they have been cheated. The board will lose one or both of these suits. These suits are not brought lightly, and no law firm takes on this kind of battle unless there is substantial probability of winning. There will be more suits, and when the HFTs are found to have received unfair information the exchanges will be held liable. It will cost the exchange in the billions.
    Apr 14 02:40 PM | Likes Like |Link to Comment
  • CME getting an earful over rate hikes [View news story]
    Only one scandal away from zero.
    Mar 17 09:14 AM | Likes Like |Link to Comment
  • The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." [View news story]
    I don't know if anyone here is a gun owner, but if you are you know how scarce ammo is. It disappeared almost overnight, it just cannot be purchased, silver and gold will be no different when their time comes. I view gold and silver as insurance against currency collapse, everyone should have some. If you don't have it in your possession, all you have is the same worthless paper you are trying to protect against. I would never short any of it.
    Feb 20 02:18 PM | 1 Like Like |Link to Comment
  • The 'Crash JPMorgan' Campaign [View article]
    So to big to fail is a good policy.
    Nov 26 08:05 AM | 3 Likes Like |Link to Comment
  • ETFs for 20% Inflation [View article]
    Problem with GLD and SLV is that they don't have to own all the metals, they can use futures contracts. Also if they default the are only required to give an investor back whatever they can recover. If inflation rises to those levels the only place to have percious metals in in your physical possession.
    Jun 18 09:54 AM | 4 Likes Like |Link to Comment
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