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The CFTC Announcement
Yeah, I know – I’m on vacation and I wasn’t going to write, but I am addicted to writing the daily as much as many of you are to reading it, but there will absolutely be a day or two between now and August 20th that I will not be able to write.
The first article in today’s daily deals with the CFTC’s announcement that they are dropping the silver investigation. That was released on Friday. Well, this morning, Bix Weir sent me the following, which contradicts that statement. Here is what Bix had to say:
Oh how quickly things turn around in the Silver conspiracy world. No sooner had everyone thrown in the towel (except us) with the CFTC after the FT article…Bart Chilton calls their bluff!
Bart Chilton: FT Report That CFTC to Drop Silver Investigation is ‘Inaccurate & Premature’, ‘There Have Been Devious Efforts to Move Price of Silver’
Commissioner Chilton responded:
‘There has been no such decision. I’ve been on the blower with some reporters saying what I can about the inaccuracies. Hopefully there will be a story or two that contains some of this.
In general, what I’ve said is this:
The Financial Times report related to silver is not only premature, but inaccurate in several respects.
Whenever the CFTC does take an action or actions related to our silver investigation, I am hopeful that we will do so in a fulsome and transparent manner. That will certainly be my desire in anything we do.
I continue to believe, consistent with my previous statements to which you referred, and based upon information from the public, that there have been devious efforts related to moving the price of silver. Incidentally, I also believe there have been silver and gold market anomalies outside of the silver investigate window that have raised, and continue to raise, market concerns.
Perhaps there will be more coverage on this matter soon.
B‘
*So now is it time for the CFTC to open a NEW investigation into the people spreading false market rumors through major news outlets in order to try and knock silver prices down?
I think so…although they probably wouldn’t complete it until 2016!
Everything is done for a reason these days so get ready for some ACTION in the silver markets.
May the Road you choose be the Right Road.
Bix Weir
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2012-08-06 11:27:47
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