Are Market Events A Cover For Silver Manipulation?
Are market events such as Fed speeches and jobs reports used to disguise silver manipulation? Whistleblowers say yes.
Are market events such as Fed speeches and jobs reports used to disguise silver manipulation? Whistleblowers say yes.
Mineweb reported that the Commodity Futures Trading Commission (CFTC) is continuing its three-year investigation of possible illegal activity in silver markets.
Silver Investing News readers are intrigued to down right passionate when it comes to the topic of silver price manipulation. In a recent survey, we asked the question, “Do you believe the silver market is rigged?” to which an eye-popping 66 percent responded, “Yes!”
While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
The National Inflation Association reports that JP Morgan has now admitted to having manipulated silver price and is taking steps to reduce it.
Blogs Forbes.com reports that the price of silver slipped yesterday to $25.56 an ounce.
Reuters reports that on Wednesday, Gold edged lower as the market looked set to consolidate ahead of the U.S. Federal Reserve's decision on further monetary easing next week while Silver initially rose strongly after the U.S. futures regulator raised an alarm about the silver market.
Some analysts actually expected silver prices to remain bullish this week in anticipation of a weaker dollar. But the greenback flipped the script on the white metal, pushing prices down as low as $17.80 late Wednesday morning. Along with silver prices, one silver miner was breaking investors' hearts as well: Coeur d'Alene Mines.
By Melissa Pistilli – Exclusive to Silver Investing News The recent landslide in the price of silver has some analysts like Theodore Butler of Silverseek crying foul. Butler and a few others are pointing fingers at concentrated commercial shorts on the COMEX. Like Butler, Jason Hommel of Silver Stock Report and Mark O’Byrne of Gold [...]
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