On Sat, 17 Aug 2013 15:20:46 -0700 (PDT), "
wrote:

On Saturday, August 17, 2013 11:43:33 AM UTC-4, Ed Huntress wrote:

. But the banks are withholding

metals from the market while trading in those metals on their own

accounts. That ought to be worth a prison term.


Ed Huntress

So what laws are the banks violating?

Section 9(a)(2) of the Securities Exchange Act of 1934.

As far as I know commodity trading is legal.

Not if you're manipulating prices at the same time -- which they are.

Owning aluminum had better be legal or I am in trouble by having some raw stock in my basement.

Unless you control the distribution rate of something like 25% of the
aluminum on the US market, you probably don't have anything to worry
about.


Since Aluminum prices have been going down, it looks like the banks are losing money. I am looking forward to copper prices to follow the Aluminum prices and go down.

Good luck. I'm sure that Golden Sacks has the futures prices hedged;
probably shorted.

--
Ed Huntress


Dan