Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The diary author offers a lot of links - so follow them too. Anyone have insights to offer on this?

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia
by whataboutbob on Mon Jul 13th, 2009 at 04:09:58 AM EST
I think that GS are acting as agents for the Fed in providing liquidity to these markets

JP Morgan have been doing this in the bullion market for years.

Of course, they have to be remunerated....

Manipulation is only manipulation when it's not the government responsible for it.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Jul 13th, 2009 at 07:58:00 AM EST
[ Parent ]
Market making is one (legitimate) thing. Front-running is quite another.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Carrie (migeru at eurotrib dot com) on Mon Jul 13th, 2009 at 09:14:02 AM EST
[ Parent ]


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