Resource Investor reports on CFTC denial of silver manipulation


By Jon A. Nones
Resource Investor
Thursday, May 15, 2008

Much to the chagrin of silver enthusiasts who believe the price has been artificially held back, a second study in four years by the U.S. Commodity Futures Trading Commission revealed no evidence of manipulation in the silver futures market. Silver bugs now question the CFTC.

“The CFTC is criminally negligent. This is an agency that makes it so the big commercial banks can do whatever they want. The public has no faith in the CFTC or FRB anymore,” commented one RI reader.

During the past 25 years, the CFTC has received numerous complaints from silver investors like the one above alleging that the price of silver futures traded on the NYMEX has been manipulated downward. In 2004, the Commission responded to investors' concerns in an open letter that concluded that the existence of a long-term manipulation was not plausible. ...

... For the full story:

* * *

Join GATA here:

Vancouver World Resource Investment Conference
Sunday-Monday, June 15-16, 2008
Vancouver Exhibition and Convention Centre

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization
based in the United States and tax-exempt under the
U.S. Internal Revenue Code. Its e-mail dispatches are
free, and you can subscribe at

GATA is grateful for financial contributions, which
are federally tax-deductible in the United States.