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| Bart Chilton |
The Doc’s full correspondence with Commissioner Chilton is included below:
Commissioner Chilton,
As I’m sure you are aware, the FT tonight reported that the CFTC will be dropping its 4 year investigation into silver market manipulation, ‘after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation.’
In 2010 you made a public statement regarding the silver market that ‘there had been “fraudulent efforts” to “deviously control” the silver price.
I am wondering whether you agree with the decision to drop the investigation due to lack of sufficient evidence or whether your opinion was overruled by Commissioner Gensler and the rest of the Commissioners.
Once the CFTC officially confirms that the investigation has been dropped, we would love to have the opportunity to speak with you regarding your thoughts on the conclusions of the 4 year investigation as you mentioned previously.
The Doc,
SilverDoctors.com
Commissioner Chilton responded:
‘There has been no such decision. I’ve been on the blower with some reporters saying what I can about the inaccuracies. Hopefully there will be a story or two that contains some of this.
In general, what I’ve said is this:
The Financial Times report related to silver is not only premature, but inaccurate in several respects.
Whenever the CFTC does take an action or actions related to our silver investigation, I am hopeful that we will do so in a fulsome and transparent manner. That will certainly be my desire in anything we do.
I continue to believe, consistent with my previous statements to which you referred, and based upon information from the public, that there have been devious efforts related to moving the price of silver. Incidentally, I also believe there have been silver and gold market anomalies outside of the silver investigate window that have raised, and continue to raise, market concerns.
Perhaps there will be more coverage on this matter soon.
B‘
The more volatility there is whether the price goes up or down, the more money the money jukies make, whether it is silver stock or any stock. There will be greater price fluctutions in the future in all stocks trying to milk everything out of the market as possible. This stock market is one great milking machine.
ReplyDeleteThe government forces us to pay into super funds 10%, set to rise again. It gets shoved to these money junkies, and somehow you hear now and then $20 billion is wiped of the share market. It disappears?
With 10% of peoples income, say approx $100 per week times 10 million australians working is $1 billion a week being pumped to these money junkies. A lot of Australians are oblivious to what is happening and dont take any notice of their super. Super, 401ks etc are a false hope waiting to be robbed. Imagine where would these money junkies be if $1 billion a week wasnt pumped into this gambling system.
Oh and silver, arent they using fractional reserve trading. they say they have the silver but dont. Soon they will have a trillion ounces and drive the prices further down. We live in the land of make beleive.