Monday, August 6, 2012

CFTC's 4 Year Silver Manipulation Probe to be Dropped?

The four year investigation by the US Commodity Futures Trading Commission (CFTC) into alleged manipulation of Silver future contracts, most notably to the downside, may be wound up soon without pursuing any enforcement actions.

The CFTC first announced that it was investigating "complaints of misconduct in the silver market" in September of 2008, following a barrage of allegations of manipulation from precious metals investors (including me).

The CFTC's five commissioners have not yet formally determined the outcome of the investigation but may drop the probe because it doesn't have sufficient evidence, according to people familiar with the situation, as cited by FT.com

"The investigation has not reached its conclusion," a CFTC spokesman is quoted as saying by  FT.com

It looks like only Phoneman can save us from the Banksters now.......

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