FOREX.com Closes Gold & Silver Trading to US Citizens
Many people have forwarded me the article posted on Zerohedge.com about a brokerage company named FOREX.com who is banning US citizens from trading in gold and silver starting July 15th. That article can be found here:
http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15
A few thoughts here as it relates to the Road to Roota.
First of all the name of the company, FOREX.com, has scared many people as they believe that this relates to all FOREX, Gold and Silver transactions. FOREX.com is a fairly large online brokerage house and is not the FOREX market in general. They are ending their trading of electronic gold and silver for US residents due to their interpretation of the Dodd-Frank Law. My take...good riddance to ANY paper and electronic gold and silver trading! It is in the paper and electronic markets that the manipulation occurs.
As has been addressed in the Road to Roota Letters...ALL PAPER AND ELECTRONIC MARKETS WILL BE DESTROYED. These guys over at FOREX.com are just trying to limit their liability in the coming gold and silver chaos. If you are a Private Road Member I addressed this issue analyzing what the CME did on the COMEX in this Friday Road Trip:
Friday Road Trip 6/3/2011
//www.roadtoroota.com/members/606.cfm
Very soon all paper/electronic gold and silver trading will end including on the COMEX and the LME.
You should be in physical gold and silver in your own possession preparing for these events.
This is another sign the END IS NEAR!
Bix Weir
