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In May 2011, the court ruled in favor of the bank, claiming that the bank followed Federal Financial Institutions Examination Council guidelines set in 2005 for multi-factor authentication for online banking, leaving PATCO unable to recover the hundreds of thousands of dollars lost.
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What happens to Picower's treasure is the single most important factor in the success or failure of Picard's effort to recover funds for some of Bernie Madoff's victims.
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If crude can continue to recover from the recent six-month low, that would also be a bullish underlying factor for the metals.
FORBES: Comex Gold, Silver Weaker as Key "Outside Markets" in Bearish Posture Wednesday
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If crude can continue to recover from the six-month low seen earlier this week, that would also be a bullish underlying factor for the metals.
FORBES: Comex Gold, Silver Lower on Better Risk Appetite, Stronger U.S. Dollar Index, Weaker Crude Oil
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If crude can continue to recover from the six-month low seen early last week, that would also be a bullish underlying factor for the metals.
FORBES: Comex Gold, Silver Higher, with Gold back above $1,500