[WoofDog123]

"Not only could that be an excellent example of the whole loose lips thing, but it seems to me that they would be engaging in insider trading. Insider trading makes for lousy markets, which is why it is outlawed on the US securities exchanges."

Insider trading, if my understanding is correct, is legal in the commodities futures markets.

It is illegal in the equity-based markets (i.e. stocks, stock options, stock futures), and I am not sure about the treasury markets (I assume it is illegal).

[ordinaryguy]

Insider trading, if my understanding is correct, is legal in the commodities futures markets.

I believe the Commodity Futures Modernization Act of 2000 put an end to that.

I should clarify myself, however, before someone else does. There is such a thing as legal insider trading. I was, of couse, simplisticly referring to the illegal variety. It seems more than absurd to imagine an active CIA operative filing for a trading window for purchasing terrorism futures against a specific target.