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Bron Suchecki: Silver manipulation can be unethical but legal
10:17a ET Friday, May 3, 2019
Dear Friend of GATA and Gold:
Bron Suchecki, formerly of the Perth Mint and Monetary Metals, now writing market commentary for ABC Bullion in Sydney, comments today on the career of the late former U.S. Commodity Futures Trading Commissioner Bart Chilton, who became a hero to some metals investors and disappointed others with his support for complaints of silver market manipulation.
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Suchecki draws two conclusions from the Chilton controversy:
1) What is legal does not necessarily equal what is ethical.
2) Market manipulation (short-term and tactical) is not the same as price suppression (long-term and ongoing).
While there are plenty of lawsuits and findings of market manipulation, Suchecki thinks it's unlikely that there will be a case involving only price suppression any time soon.
Suchecki's commentary is headlined "Silver Manipulation" and is the second item in today's ABC Bullion market report here:
https://www.abcbullion.com.au/investor-centre/pdf/drop-gold-buy-bitcoin
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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