Thursday, August 9, 2012

The CFTC Silver Investigation

By Theodore Butler:

There has been an explosion of interest and commentary these past few days as a

 result of a front page story in Monday’s edition of the influential Financial Times 

(of London). The story stated that the CFTC was set to drop its four year 

investigation into alleged silver price manipulation due to insufficient evidence to 

bring charges, according to three unnamed sources. I went to sleep Sunday evening 

when the story first appeared prepared to wake up to similar and confirming

 stories in other publications. Instead, there were no other stories confirming the 

case was set to be dropped; only strong statements that the FT was story was 

“premature” and “inaccurate in many respects” by a named source, Commissioner 

Bart Chilton of the agency.

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