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CFTC looks at possible gold and silver manipulation

THE top US derivatives regulator has started internal discussions on whether the daily setting of gold and silver prices in London is open to manipulation.

The Commodity Futures Trading Commission (CFTC) has not launched a formal investigation into the matter, but it is examining various aspects of price fixings, including whether they are sufficiently transparent, according to the Wall Street Journal.

CFTC looks at possible gold and silver manipulation. Moving on from Libor, the Commodity Futures Trading Commission is reportedly having an informal look at whether gold and silver prices in London are open to manipulation. Gold is set twice daily by five banks via teleconference and silver by three institutions, with the fixings then used worldwide as benchmarks for any number of transactions. The banks involved include Barclays (BCS), Deutsche Bank (DB) and HSBC (HBC).

The CFTC did not immediately respond to requests for comment.

From: http://www.cityam.com/article/us-probes-gold-and-silver-price

Also on the WSJ but you need to have subscription to read it: http://online.wsj.com/article/SB1000142412788732407770457835...



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They already had the case handed to them on a silver platter

Search engine the name "Andrew Maguire" and "silver manipulation JP Morgan".

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READ THIS FIRST:
http://www.gata.org/node/8466
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THEN READ THIS (you'll be sickened but not surprised):

http://www.nypost.com/p/news/business/jpmorgan_chase_story_i...
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---yawn---

Good post, but I am not holding my breathe for any government agency to hold anyone's feet to the fire: except us peasant's.

Banana Republic of the United States of America

I don't know (((((dducky)))))

That flag looks way kind rastafari republic..

Oooh, Granger.

Good idea. After you get your plan together you can perhaps submit this revision for the California flag.

Oh, yummy!

I was thinking about Krispy Kremes™ and you today, Granger. I was like, "Damn those donuts sound gggrrreat! Aww, I wonder if the Granger would think so."

I think Michael and Joῃ just enabled embedding a couple of weeks ago. I just learned.

For a video,
hover,
right click,
chose embed html,
paste in comment box

For images,
it's a bit more tricky,
but do the same thing.
Just, DON'T, under any circumstances paste a super long code in the comment box! I did it. I broke the DP. Really, I did. No one knows but you, jrd, and me (and whoever is reading this, ssshhh). Just don't do it. If it has more than 5 lines of text, just get the hell out. I only broke one thread so far. Have a look. Yep, you can't scroll past my BINGO BUNNY remark. It was the second time I did it on that thread. So now I know, and you too.

As for the kewl symbols, easy peasy. Just copy and paste.

Only for you, my friend. And anyone else reading who gaff.

So you looked into it?

Well, they did an internal investigation, and found no wrongdoing, so ummm hmmm, that's good enough for me.

(rough quoteation from the movie "walking tall")

Josh Brueggen
Engineer
Entrepreneur
Gardener
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois

If they announce price manipulation

I could see the price of gold and silver shoot to unprecedented highs.

New to this game, huh?

They do this every few years, it is part of the "dog and pony show" and they will find NO manipulation, and the markets will rejoice and stocks will surge and the dollar will strengthen and metals will fall... and then it will "prove" that metals just are not valuable...

Love or fear? Choose again with every breath.