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Daily Dispatches
Wall Street Journal discovers silver-rigging controversy
Submitted by cpowell on Wed, 2010-10-27 10:08 Section: Daily DispatchesSilver Market Probe: Act Now, CFTC Is Urged
By Susan Pulliam and Carolyn Cui
The Wall Street Journal
Wednesday, October 27, 2010
http://online.wsj.com/article/SB1000142405270230334190457557620331005604...
A Commodity Futures Trading Commission regulator is putting pressure on the agency to take action in a high-profile, 2-year-old investigation of the silver market.
Dan Norcini: Thanks to Chilton, off with the tin-foil hats
Submitted by cpowell on Tue, 2010-10-26 17:26 Section: Daily Dispatches4:21p CT Tuesday, October 26, 2010
Dear Friend of GATA and Gold (and Silver):
JSMineSet.com market analyst Dan Norcini this evening has compliments for CFTC Commissioner Bart Chilton and for GATA as well as a result of Chilton's public statement today about manipulation of the silver market. Norcini urges precious metals investors to send their thanks to Chilton and adds:
Financial Times: CFTC puts spotlight on silver trades
Submitted by cpowell on Tue, 2010-10-26 15:03 Section: Daily DispatchesBy Gregory Meyer and Jack Farchy
Financial Times, London
Tuesday, October 26, 2010
http://www.ft.com/cms/s/0/3f5faf38-e125-11df-90b7-00144feabdc0.html
A senior US commodities regulator has alleged fraud in silver trading more than two years after investigators began a probe into the market.
CityWire in London notes CFTC Commissioner Chilton's statement
Submitted by cpowell on Tue, 2010-10-26 14:52 Section: Daily Dispatches1:47p CT Tuesday, October 26, 2010
Dear Friend of GATA and Gold (and Silver):
Rob Mackinlay of CityWire in London has followed up on CFTC Commissioner Bart Chilton's remarks today, getting comment from silver market analyst Ted Butler and your secretary/treasurer. The CityWire story is headlined "Price of Silver Has Been Subject to Attempted Manipulation" and you can find it here:
Commissioner Chilton's statement on silver market rigging
Submitted by cpowell on Tue, 2010-10-26 13:01 Section: Daily DispatchesStatement of Commissioner Bart Chilton
U.S. Commodity Futures Trading Commission
Public Hearing on Anti-Manipulation and Disruptive Trading Practices
Washington, D.C.
Tuesday, October 26, 2010
http://www.cftc.gov/PressRoom/SpeechesTestimony/chiltonstatement102610.html
I take this opportunity to comment on the precious metals markets and in particular the silver markets.
Wall Street Journal, Bloomberg follow Chilton's silver manipulation statement
Submitted by cpowell on Tue, 2010-10-26 11:55 Section: Daily DispatchesCFTC's Chilton Sees 'Fraudulent Efforts' to Control Silver Prices
By Sarah N. Lynch
The Wall Street Journal
Tuesday, October 26, 2010
http://online.wsj.com/article/SB1000142405270230334190457557620331005604...
Adrian Douglas: Could U.S. government really be that stupid about gold?
Submitted by cpowell on Tue, 2010-10-26 11:42 Section: Daily DispatchesBy Adrian Douglas
Tuesday, October 26, 2010
On October 12, 2010, Edwin (Ted) Truman wrote an article for the Financial Times of London in which he suggested that the US Treasury should sell all of its gold reserves:
So much for that G-20 pledge for free currency markets
Submitted by cpowell on Tue, 2010-10-26 11:22 Section: Daily DispatchesJapan Officials Step Up Rhetoric Against Strong Yen
By Andrew Monahan
Dow Jones Newswires
via The Wall Street Journal
Monday, October 25, 2010
Fed won't join banks in appealing order to disclose emergency loans
Submitted by cpowell on Tue, 2010-10-26 11:14 Section: Daily DispatchesBy Bob Irvy and Greg Stohr
Bloomberg News
Tuesday, October 26, 2010
http://www.bloomberg.com/news/2010-10-26/fed-won-t-join-banks-appeal-to-...
The Federal Reserve won't join a banking industry trade group in asking the U.S. Supreme Court to let the government continue to withhold details of emergency loans made to financial firms in 2008.
Commercial signal failure in metals likely imminent, Embry tells King World News
Submitted by cpowell on Tue, 2010-10-26 11:01 Section: Daily Dispatches10a CT Tuesday, October 26, 2010
Dear Friend of GATA and Gold (and Silver):
Sprott Asset Management Chief Investment Strategist John Embry tells Eric King of King World News that the long-awaited commercial signal failure in the gold and silver markets may be imminent. Excerpts from the interview can be found at King World News here:
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