Saturday, March 27, 2010

Silver manipulation in progress

A whistleblower gave advance warning to the CFTC, the regulatory body which watchdogs the futures markets, about an illegal manipulation scheme about to take place in the silver market at the COMEX exchange. The price action behaved exactly as scripted on the target date, February 5, 2010, when non-farm payroll numbers were released at 8:30 AM ET. Within a few minutes, the price of silver then experienced a waterfall decline.

When allegedly free markets are that predictable with that much precision, then they are no longer free--rather they are rigged.

Read the series of emails chronicling the correspondence between whistleblower Andrew Maguire and the shiftless CFTC regulator.

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