Gerald Celente Got Screwed Out of Gold Futures Positions with MF Global Wreck
November 16th, 2011Celente was just trying to buy the underlying metal via the futures and *poof* positions closed, money gone.
Pookie sent this one from, Jesse’s Café Américain:
Here is a white paper that suggests that JP Morgan and Bank of America are trying to subordinate the customers’ claims to their stolen funds and keep them in a pool of money to be distributed to the creditors by the Trustee, without any representation for the customers. This is said to be the cause of the confusion and delay in the return of the funds.
There are also claims, not substantiated as far as I can tell, that the positions and assets that were taken from customers were liquidated in a manner so as to maximize the gains to other market participants with advantageous knowledge of those positions.
Wow. What a cluster.
Via: Gerald Celente on Russia Today:
