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

Precious Metals Update Video: Big upside to the breakout in the metals markets?
By: Ira Epstein

Gold Resource Corporation Reports Preliminary Second Quarter Production and Positioned to Increase 2019 Annual Outlook
By: Gold Resource Corporation

Asian Metals Market Update: July-18-2019
By: Chintan Karnani, Insignia Consultants

Monetary Metals Donít Need a "Gold Standard" Proxy System
By: Stefan Gleason, Money Metals Exchange

Precious Metals Update Video: Gold is in a pause, momentum on the downside
By: Ira Epstein

Currency & Gold (video) Update
By: Gary Savage

We Caught The Bitcoin Bottom And Then The Top - Now What?
By: Avi Gilburt

Facebook's Version of 'How to Serve Man'
By: Rick Ackerman, Rick's Picks

Could A Deutsche Bank Collapse Crash The Markets?
By: Dave Kranzler

Hereís What the Market Did EVERY TIME the Fed Cut Rates During an Economic Expansion
By: Frank Holmes, US Funds

 
Search

GoldSeek Web

 
Why do regulators ignore market rigging? Because government does it and it's legal

By: Chris Powell, GATA

 -- Published: Friday, 12 July 2019 | Print  | Disqus 

Dear Friend of GATA and Gold:

Silver market rigging critic Ted Butler's new commentary details the capture of the commodity markets by derivatives employed by a small number of financial houses, thereby destroying market pricing. His commentary is headlined "Deliberately Looking Away," referring to the failure of the U.S. Commodity Futures Trading Commission and Justice Department to do anything about it.

Unfortunately Butler can't seem to acknowledge the probability that these enforcement agencies fail to act against market rigging because the actual perpetrator is the U.S. government itself, operating through intermediary brokers, and because such rigging is legal.

That probability is greater because of the refusal of the U.S. Treasury Department and Federal Reserve to answer the simple question posed to them more than a year ago by U.S. Rep. Alex Mooney, R-West Virginia: Which markets are you secretly trading in, and why?:

http://gata.org/node/18210

The probability is greater still because of the refusal of the CFTC itself to answer GATA's question, reiterated by Mooney, as to whether the commission has jurisdiction over manipulative trading by the U.S. government or its agents or whether such trading is legal, authorized by the Gold Reserve Act of 1934 as amended since then:

http://gata.org/node/18512

http://gata.org/node/18832

The probability becomes a near-certainty in light of the discount program offered by CME Group to governments and central banks for their secret trading in all major futures contracts traded on U.S. exchanges:

http://gata.org/node/18925

Indeed, a formal admission of the U.S. government's power to rig markets secretly was given by an assistant U.S. attorney during GATA consultant Reg Howe's lawsuit against the Fed, Treasury, Bank for International Settlements, and bullion banks in U.S. District Court in Boston in 2001. Moving to dismiss the lawsuit, the assistant U.S. attorney told the court that, while it wasn't admitting to rigging markets as the lawsuit complained, the government did claim the power to rig them secretly, power conferred by the Gold Reserve Act:

http://gata.org/node/4211

So the much bigger concern here is not why the regulatory agencies are looking away from futures market rigging but why the mainstream financial news organizations, market analysts, and commodity producers themselves are looking away. There is no mystery about what is happening here. All anyone has to do is put the critical, specific questions to the responsible government agencies and then watch them run.

Butler's commentary is posted at GoldSeek's companion site, SilverSeek, here --

http://silverseek.com/commentary/deliberately-looking-away-17686

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

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/

* * *

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: Friday, 12 July 2019 | 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.