Tuesday, October 26, 2010

CFTC raises alarm about silver market

Where are all my detractors now? I've been harping on illegal price suppression schemes by the large bullion banks for years, to an audience who generally dismissed me as a conspiracy theorist. This may cause the price of silver to soar even more now that the commercial shorts have to cover their shorts--and their tracks. I'm going to guess they'll get a slap on the wrist (i.e. a fine with no admission of guilt) since they're doing it on behalf of the Fed--even if the CFTC enforces its position limits.

Either way, manipulation only works--until it stops working. The horses have left the barn. Silver, bitchez!


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