You are here
GATA gets into Reuters story on CFTC's retreat from silver probe
U.S. Ends Long-Running Silver Market Probe, Taking No Action
By Frank Tang and Douwe Miedema
Reuters
Wednesday, September 25, 2013
U.S. regulators on Wednesday closed a five-year investigation into alleged manipulation of the silver market, saying 7,000 staff hours of investigation produced no evidence of wrongdoing. ...
But Democratic commissioner Bart Chilton, who had championed the silver inquiry, said he was disappointed.
"For me, there's not been a more frustrating nor disappointing non-policy-related matter at the CFTC," he said in a statement after the agency's announcement.
The Gold Anti-Trust Action Committee, an advocacy group that believes the Federal Reserve and banks are colluding to keep gold and silver prices artificially low, said it was not surprised by the CFTC decision.
"We believe that the U.S. government is part of the trading operation. In essence, you are not going to have the CFTC turn against its own government," GATA Chairman Bill Murphy said. "We are not even slightly surprised and had expected this."
A JPMorgan spokesperson declined to comment.
... For the complete story:
http://www.reuters.com/article/2013/09/25/cftc-silver-idUSL2N0HL1BE20130925
Precious Metals Round Table:
Where Do We Go From Here?
On Tuesday, September 24, Sprott Asset Management will assemble four experts for a live Internet broadcast about the prospects for the precious metals. Participating will be Sprott's CEO, Eric Sprott; financial letter writer and internationally renowned conference speaker Marc Faber; Sprott's chief investment strategist, John Embry; and Sprott Asset Management President Rick Rule. To participate, please visit:
https://event.on24.com/eventRegistration/EventLobbyServlet?target=regist...
Join GATA here:
Louis Boulanger Now Seminar
Visitors Center, Holy Trinity Parnell
Auckland, New Zeland
Sunday, October 13, 2013
http://www.gata.org/files/GATAInNewZealand.pdf
Gold Investment Symposium 2013
Luna Park Conference Center, Sydney, Australia
Wednesday-Thursday, October 16-17, 2013
The Silver Summit
Davenport Hotel, Spokane, Washington
Thursday-Friday, October 24-25, 2013
http://www.cambridgehouse.com/event/silver-summit-2013
Mines and Money Australia
Melbourne Conference and Exhibition Centre
Tuesday, October 29-Friday, November 1, 2013
New Orleans Investment Conference
Sunday-Wednesday, November 10-13, 2013
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://jeffersoncompanies.com/landing/speakers?IDPromotion=613011610080...
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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:
To contribute to GATA, please visit:
