On RT's 'Capital Account,' CFTC's Chilton repeats belief in silver market manipulation
8:21p ET Tuesday, November 13, 2012
Dear Friend of GATA and Gold:
Bart Chilton, member of the U.S. Commodity Futures Trading Commission, interviewed today by Lauren Lyster on Russia Today's "Capital Account" program, stressed his continued suspicion of manipulation of the silver market. Chilton said that warnings he had received from followers of the market that the price would be pounded imminently often had come true and so could not be ignored.
Chilton said he favors repeal of the provision of current law requiring intent to manipulate a market to be proved before a finding of manipulation by the commission. He added that the CFTC will both appeal a federal court ruling invalidating its new regulation for position limits in the commodity markets and re-approve the new regulation with the additional information deemed required by the court.
Chilton also said high-frequency trading must be urgently regulated before it causes another "flash crash" in the markets.
Today's "Capital Account" program has been posted at YouTube here:
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