| The Volcker Rule, a provision of the 2010 Dodd-Frank Act that prohibits banks from 'proprietary trading' will have far reaching impact on gold and silver futures, according to Jeff Nichols, renowned precious metals economist and Managing Director of American Precious Metals Advisors.
The new rule goes into effect from April 1, 2014 and full compiance will be effective from July 21, 2015. According to Jeff Nichols, the Volcker Rule would mean large US banks such as Goldman Sachs and JP Morgan will be prohibited from trading gold and silver, including forward, futures and options-except on behalf of customers and not for their own short-term speculative gains...............................................Full Article: Source
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