Fri, Jul 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Trading more

Proposed rule limits size of commodities traders’ positions

Posted on 06 November 2013

In 1979, Nelson Bunker Hunt and William Hunt famously bought up as much silver as they could in the commodities market. By the time they were done, the brothers had acquired more than a third of the world’s supply of silver, sending the price of the precious metal soaring.
Citing the Hunt brothers’ attempt to corner the market more than three decades ago, the Commodity Futures Trading Commission on Tuesday voted 3 to 1 to limit the size of any trader’s footprint in the commodities market………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 41692 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
July 2015
S M T W T F S
« Jun    
 1234
567891011
12131415161718
19202122232425
262728293031