Cftc Admits To Supressing Information That Would Expose Market Manipulators

[Charles Mackay]

I don't know why Ted Butler thinks this former Gold Sack's stooge (Bart Chilton) is going to right things at the CFTC.

The evidence of manipulation has been overwhelming and just keeps piling up! Chilton said last summer he would put limits on silver positions before Fall was over but now it's almost spring time.

http://www.lemetropolecafe.com/Pfv1....rian%20Douglas

[dummass]

Re: Cftc Admits To Supressing Information That Would Expose Market Manipulators

I don't know why Ted Butler thinks this former Gold Sack's stooge (Bart Chilton) is going to right things at the CFTC.

The evidence of manipulation has been overwhelming and just keeps piling up! Chilton said last summer he would put limits on silver positions before Fall was over but now it's almost spring time.

http://www.lemetropolecafe.com/Pfv1....rian%20Douglas

Nice find.

[Chris Coles]

Re: Cftc Admits To Supressing Information That Would Expose Market Manipulators

JPMorgan Chase and HSBC are running a bucket shop. Very little metal is ever delivered on the COMEX so the market can be manipulated by anyone with large positions and deep pockets. JPM and HSBC qualify on both counts. This then allows them to make billions of dollars in the precious metal and gold OTC derivatives market, which is much bigger than the COMEX itself.

HSBC is the custodian of the gold in the GLD ETF and JPMorgan is the custodian of the silver in the SLV ETF. The prospectuses of these ETF’s have omitted a "material fact" that their custodians have sold gold and silver on a massive scale and that they do not have the metal to meet those liabilities. There is an obvious conflict of interest.

Such an omission is a criminal offence under article 10(b) of the Securities Act. The CFTC has the power under the CEA to suspend the membership of anyone from an exchange if they have violated the Securities Act. Will they do so? I will not hold my breath.

One must assume that the real reason why these banks were considered too big to fail was their exposure to both these short positions in addition to the derivatives. In which case, this is a perfect demonstration of a complete failure of the law being applied by the regulatory authorities.

If the original function of a government is the creation and application of the law; then if that function breaks down, what is the correct term for such a government?