The Seven Milosecond Spread

[lastleg]

The Fed just announced premature trading on gold futures from the lockout room in DC
to Chicago faster than speed of light. There is no level playing field for the bugs.

lastleg

 

[lastleg]

Explanation: Ben gives heads-up to financial media prior to taper in the "lockout room".
Someone in that room sends the scoop to Chicago trading floor before the public is
informed allowing { gold traders} inside information.

Then Ben cries foul - Now everyone will know how crooked the system is!

 

[Wilmingtonsilver]

Do you have any more information to elaborate on this story?

 

[lastleg]

CNBC broke this early this afternoon. It shows the financial press is not to be trusted with
sensitive matters prior to releasing them to the public. How much collusion with traders is
unknown at this time. I'm sure the benefactors will be scolded.

 

[skeeterd]

I read about it on bloomberg. Interesting story.