CFTC Commissioner Chilton CONFIRMS silver market is manipulated

Here's the coverage from Financial Times:

[link to www.ft.com]

Bart Chilton, commissioner at the Commodity Futures Trading Commission, said “members of the public” and “publicly available documents” convinced him the silver markets are tainted by violations of federal commodities law.

“I do believe that there have been repeated attempts to influence prices in the silver markets,” Mr Chilton said on Tuesday at a meeting in Washington. “There have been fraudulent efforts to persuade and what I consider deviously control that price.” The CFTC, the US watchdog, in September 2008 disclosed that it was investigating misconduct in the silver market. The announcement followed complaints by small investors that silver prices were artificially suppressed.

so what ? like the crimex market can do anything to chinese officials

Dude, chinese officials aren't the ones manipulating the market. US banks -- read JP Morgan -- are.

Bueller, Bueller? ... anyone?? ... Bueller?

Really. No interest in this at all.

Just that this would seem to DEFINE conspiracy.

But I guess sunspots are more important....

He used the magic words: "position limits"


CHILTON ON NEW CFTC AUTHORITIES:

"These new authorities, along with the implementation of thoughtful position limits in metals will go a long way toward ensuring more efficient and effective metals markets devoid of fraud, abuse, and manipulation."