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TFC Commodity Trading Forum

Re: COT Catagories/CO/Lee
In Response To: Re: COT Catagories/CO/Lee ()

Reporting nonsense was the GOV response to the operations of Arthur Cutten, a Canadian. The purpose being to dampen speculative extremes in the aftermath of the 29 stock fiasco. Didn't matter he took a big hit in NY stocks, only that he built unreasonable size in the CBOT Wheat pit, and even served up a humble lesson to the great Livermore. So limits were set in place. An administrative solution to an unsolvable 'problem.' Just more paperwork for the GOV paper shovelers to keep them busy; all goes on, as always and nothing really changes, particularly volatility. CO