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FSN: CFTC Commissioner Bart Chilton Comments on the Silver Investigation
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Christopher Barker
Fool.com
Over the weekend, London’s Financial Times dispatched some stunning news to silver investors awaiting the conclusion of a four-year investigation into allegations of silver price manipulation.
The article, entitled “Four-Year Silver Probe Set to be Dropped,” reported that the investigation “looks increasingly likely to be dropped after US regulators failed to find enough evidence to support a legal case.” If the report were to prove correct, this would represent a crushing blow to commodity investors like myself that have become quite convinced after a thorough review of the facts that the markets for silver and gold have been subjected to highly effective campaigns of deliberate price manipulation.
On Monday morning, I reached out to Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission for comment. Addressing the report that his agency will likely drop the investigation with no charges filed, Chilton countered: “The Financial Times report related to silver is not only premature, but inaccurate in several respects.”
2012-08-07 00:15:02
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