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Criminal? Is the CFTC protecting the insane Naked short positions allegedly held by JPMorgan and HSBC

http://www.zerohedge.com/article/things-make-you-go-hmmm-suc...

Things That Make You Go Hmmm.... Such As The CFTC's "Endless" Investigation Of Silver Manipulation

Commodity Futures Trading Commission Volatility

From Grant Williams' "Things That Make You Go Hmmm"

...The CFTC proposals stipulate the following: "Spot-month position limit levels set at 25% of deliverable supply for a given commodity, with a conditional spot month limit of five times that amount for entities with positions exclusively in cash-settled contracts What this essentially means is that anybody that has no intention of taking physical delivery of a commodity will NOT be allowed to build a position that is greater then 125% of the total deliverable supply while anybody looking to buy physical metal can only buy 25% of that same supply. They also threw in this little grenade: "Exemptions for bona fide hedging transactions (based on the Dodd-Frank Act’s new requirements for such transactions) ...

... physical stocks of silver on the COMEX continue to dwindle - from 87,000,000 ounces in 2009 to a little over 32,000,000 ounces a mere 2 years later and sooner or later, if the volatility in silver continues, the answer to the CFTC’s investigation will be discovered not behind closed doors, but in the full glare of the spotlight as the amount of silver available to settle futures expiry gets dangerously close to a shortfall. ...

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http://www.zerohedge.com/article/things-make-you-go-hmmm-suc...