When I first read this last evening, I was confused by its meaning. After thinking about it all day while working outside, I still have no idea. It would seem to be a possible first step toward a crackdown on PM trading and speculation. Banning OTC PM trading would also serve to drive more business toward the crooked Comex. I don't know maybe I'm reading too much into this. Since one of the original purposes of Dodd-Frank was to regulate OTC derivatives, perhaps this is nothing sinister at all. Again, I don't know. I do know, however, that no action taken by the Fed/TBTF/Govt Complex is ever coincidental.
Help a Turd. Please provide your thoughts below.