Friday, March 23, 2012

The CFTC has already done all it can about silver — and everything else

from GATA.org:

Dear Friend of GATA and Gold (and Silver):

Drawing on data collected by Nanex, Zero Hedge tonight calls attention to some high-frequency trading done yesterday to smash the price of silver down:

http://www.zerohedge.com/news/catching-silver-crusher-algorithm-act

Some steadfast friends of GATA keep sending notes about such stuff to members of the U.S. Commodity Futures Trading Commission in the hope that the commission’s 3-year-old (or is it 4 now?) supposed investigation of the silver market will report evidence of manipulation, and we hate to discourage them. But the delay of the investigation signifies plainly enough that the CFTC knows that what is going on in silver (and gold) is essentially a U.S. government operation implemented through a de-facto U.S. government agency, JPMorganChase & Co., and the commission just can’t do anything about it. Not just gold and silver price suppression but commodity price suppression generally long has been U.S. government policy.

Read More @ GATA.org

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