LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Chilton says CFTC found much evidence of silver rigging; Schiff calls rigging 'rumor'

By: Chris Powell

 -- Published: Tuesday, 20 November 2018 | Print  | Disqus 

Dear Friend of GATA and Gold:

Bart Chilton, the former member of the U.S. Commodity Futures Trading Commission who pushed his agency to hold in a March 2010 public hearing that addressed manipulation of the monetary metals markets and called GATA leaders as witnesses, this year has been hosting Russia Today's daily "Boom/Bust" program, and last Thursday he interviewed fund manager and gold advocate Peter Schiff about market manipulation.

On the program Chilton revealed that during his service on the CFTC the commission found "all sorts of evidence of attempted manipulation and manipulation" of the silver market "but not enough to actually prosecute."

Of course two weeks ago a former JPMorganChase trader confessed in federal court to manipulating the silver market with the knowledge of his superiors even while the CFTC was investigating:

http://www.gata.org/node/18596

In his comments to Chilton, Schiff remained dismissive of what he called "rumors" of manipulation of the monetary metals markets, while acknowledging that "some of the rumors are probably true." Manipulation, Schiff argued, is not the big reason for the poor performance of the monetary metals in recent years. Rather, Schiff said, investors are just too stupid to understand what is going on in the world financial system -- not that Schiff himself ever has done much to help them understand how governments long have been intervening in the monetary metals markets to support their currencies and bond prices.

Last Thursday's edition of "Boom/Bust" is can be viewed at Russia Today here --

https://www.rt.com/shows/boom-bust/444025-amazon-gold-prices-plane/

-- and the interview with Schiff is four minutes long, extending from the 5:44 to 9:48 marks.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


| Digg This Article
 -- Published: Tuesday, 20 November 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.