chart, page-2

Hi Thorburn and All,

Maybe with a bit of luck giving more time is like giving a bit more rope and if we give them enough rope they may yet hang themselves. I for one am not holding my breath until this is resolved; however, I will continue buying and stacking at these prices.

The CFTC has now granted the CME until December 4 to comply with the rules but it remains unclear whether this extension means it is likely to gain permission for its own data warehouse.

http://finance.yahoo.com/news/cme-gets-more-time-u-041351667.html

By the way look who’s been sent to the sin bin!

FERC Suspends JPMorgan Unit’s Power-Trading Authority

By Jim Snyder and Dawn Kopecki - Nov 15, 2012 12:30 AM ET


The U.S. Federal Energy Regulatory Commission yesterday suspended a JPMorgan Chase & Co. (JPM)unit’s electrical-trading authority, saying it had filed false information to regulators.
The action, part of a more aggressive effort by the commission to monitor U.S. power markets, prohibits J.P. Morgan Ventures Energy Corp. from selling electricity at market-based rates for six months starting April 1, 2013.
The FERC said the company made "factual misrepresentations" and omitted material information in communications with the California Independent System Operator, or Caiso, and in filings to the commission. Caiso operates the state’s power grid.
"This is very significant in the history of that agency," Charles Peabody, a bank analyst with Portales Partners in New York, said in an interview. "FERC has really been stepping up its investigations into power manipulation."…

Mind you there are some times when you can’t replace physical Silver with a paper contract, Max tells us you need 15 Kg for each of those tomahawk missiles and if they start flying in earnest across the skies of Gaza that’s 15 Kg fairly well unrecoverable.

http://maxkeiser.com/2011/03/20/note-each-cruise-missile-contains-approx-15kg-of-silver-in-wiring-contacts-solder-and-batteries/

Great weekend to all cheers and very best regards: Andy