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Because of HFT, markets are more easily manipulated now, Chilton tells Martenson
11:14a ET Monday, March 9, 2015
Dear Friend of GATA and Gold:
Bart Chilton, the former member of the U.S. Commodity Futures Trading Commission who complained about commodity market manipulation, including manipulation of the monetary metals markets, is still complaining, this time in an interview with Peak Prosperity's Chris Martenson.
Position limits for traders remain Chilton's big objective, though he notes that with high-frequency trading, markets now can be manipulated much more easily by smaller traders as well.
As for manipulation of the monetary metals markets, Chilton sounds as if he knows something he can't talk about. Is it intervention in those markets by central banks using intermediaries that thereby can claim exemption from market-rigging law?
Chilton's interview with Peak Prosperity is 27 minutes long and can be heard here:
http://www.peakprosperity.com/podcast/92011/commissioner-bart-chilton-pr...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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