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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


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