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Commodity Futures Trading Commission: Silver Market is Manipulated
Posted By admin On October 27, 2010 @ 3:17 am In Money Watch | Comments Disabled
Oct 27, 2010
Bart Chilton, a commissioner at the Commodity Futures Trading Commission … said he thinks “the public deserves some answers to their concerns that silver markets are being, and have been, manipulated.”
“I believe there have been repeated attempts to influence prices in the silver markets,” he said. “There have been fraudulent efforts to persuade and deviously control that price.”
He urged prosecution of those who may have violated the law, but said he can’t prejudge what the agency will do with its investigation.
Reuters confirms :
Commissioner Bart Chilton said … the silver market needs attention.
“I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price,” Chilton said. He declined to provide further details.
The CFTC began a probe into allegations of manipulation in silver in September 2008, but has not provided information about when it hopes to conclude.
See this  for background.
It is unclear whether the CFTC will take any real action to stop the manipulation, whether the CFTC will sweep the issue under the rug, or whether Chilton’s statements are an attempt to restore the reputation of the CFTC after 1 of its 2 administrative law judges accused the other of vowing never to rule for a complainant .
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URL to article: http://www.prisonplanet.com/commodity-futures-trading-commission-silver-market-is-manipulated.html
URLs in this post:
 reports: http://www.marketwatch.com/story/cftcs-chilton-sees-silver-manipulation-efforts-2010-10-26
 confirms: http://www.reuters.com/article/idUSTRE69P2GW20101026
 this: http://www.washingtonsblog.com/2010/05/will-silver-prices-skyrocket-now-that.html
 vowing never to rule for a complainant: http://www.washingtonsblog.com/2010/10/1-of-2-administrative-judges-at.html
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Image: http://www.homegain.com/homevalues
 Comment Posted on U.S. Commodity Futures Trading Commission Website: http://www.prisonplanet.com/comment-posted-on-u-s-commodity-futures-trading-commission-website.html
 JPMorgan, HSBC Accused of Manipulating Silver Futures: http://www.prisonplanet.com/jpmorgan-hsbc-accused-of-manipulating-silver-futures.html
 Silver’s Breaking Point: http://www.prisonplanet.com/silvers-breaking-point.html
 Will Silver (And Gold) Prices Rise Now that the Feds Are Launching Criminal and Civil Investigations Into Manipulation of the Silver Market?: http://www.prisonplanet.com/will-silver-and-gold-prices-rise-now-that-the-feds-are-launching-criminal-and-civil-investigations-into-manipulation-of-the-silver-market.html
 Traders manipulated oil prices – U.S.: http://www.prisonplanet.com/traders-manipulated-oil-prices-us.html
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