AuCanary GoldWisdom

For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.

US Senate bill would force CFTC to act on position limits

Thu Jun 2, 2011 4:23pm EDT

* Sen Sanders to propose position limit bill next week

* Bill would force CFTC to curb oil market speculation

* Proposal latest effort to prod CFTC action

By Christopher Doering

WASHINGTON, June 2 (Reuters) - An outspoken U.S. senator who criticized the country's futures regulator for failing to crackdown on energy speculation said on Thursday he will introduce legislation next week that will force the agency to act.

Senator Bernie Sanders said...

http://www.reuters.com/article/2011/06/02/financial-regulation-cftc-congress-idUSN0228692020110602