Monday, July 23, 2012

CFTC’s Chilton Sees Silver Probe Concluding This Year

My guess is that this latest investigation into silver manipulation will yield nothing, similar to previous investigations.  Bart Chilton has been talking a good game, the only regulator who has joined the chorus of investors who allege that commodities markets have been illegally manipulated, but he keeps getting overruled.  He's nothing but a false flag to appease the angry mob.

The CFTC, CME, the bullion banks, the Fed and the Treasury are all in on it.  Banks, sovereign governments, and central banks do NOT want higher bullion prices, plain and simple.  A self-investigation will yield nothing.  The LIBOR scandal may produce some prosecutions and resignations, but all in all, a slap on the wrist in the form of fines will be the end result.

If you're going to steal, join a too-big-to-fail bank and steal big.  You'll not only get away with it, but even if you are caught red-handed, you'll also receive a multimillion dollar parachute for a "job well-done."

No comments:

Post a Comment