Bart Chilton, a commissioner at the CFTC (Commodity Futures Trading Commission) in the United States, has recently for one confirmed in a King World News interview that he is of the opinion that “…there has been…” silver market manipulation.
It is no secret at this stage that the CFTC is investigating silver market manipulation, and although we’re the last ones that will hold our breaths to see any form of justice coming from any CFTC investigation, especially considering their history with the Silver Whistleblower Andrew Maguire, there are some rays of light starting to filter through the cracks in the roof. Firstly, Bart Chilton has now made it clear that he is of the opinion that “…there has been…” silver market manipulation or “…nefarious activity (manipulation) going on or that has gone on in the silver market…” (Bart Chilton – There is Manipulation in the Silver Market, King World News, 4 November 2011). Furthermore, Chilton is of the opinion “…that there’s been violations of the law, The Commodity Exchange Act…” and that “…there has been repeated attempts to influence prices in the silver market. And there’s been fraudulent efforts to persuade and deviously control the price” (Bart Chilton – There is Manipulation in the Silver Market, King World News, 4 November 2011). Secondly, after listening to the comments made by Chilton, the original Silver Whistleblower himself, Andrew Maguire, has thrown his weight behind Bart Chilton (and Gary Gensler) in a King World News interview by remarking: “Bart Chilton is a man of integrity and he’s calling it as he sees it. This is not a typical career bureaucrat when he makes a statement like that. He’s not looking for a parking space in a bullion bank down the road when he makes those kinds of remarks” and “I hold Bart Chilton in very high regard and anyone who casts any doubt on his integrity is mistaken. Without Bart Chilton and Gary Gensler, without their efforts, there would have been no progress. Chilton is simply voicing what myself and several other people have presented to the CFTC. I am the original whistleblower and I have stated that there is a hand of manipulation that’s active in the silver market. There is absolutely no doubt about that. It’s obvious that I’ve been trying to bring this to the regulators attention for a long time and I’m very pleased that Bart Chilton has been quite vocal in expressing his concerns. There is no question that there is manipulation that goes on in the silver market and that it is still ongoing” (Whistleblower Maguire – Silver Manipulation Still Ongoing, King World News, 5 November 2011).
Given the above, it is firstly, important to note from the above that silver market manipulation has been confirmed by someone influential at the CFTC (Commodity Futures Trading Commission), “…an independent agency of the United States government that regulates futures and option markets” (Wikipedia), and secondly, that Andrew Maguire has confirmed that silver market manipulation is still a reality and pretty much in the order of the day. This means in essence: The silver investor must continue to buy as much physical silver as he/she can afford, especially at current silver price levels of more or less 34$ an ounce, before the proverbial chickens come home to roost, which is expected to happen at some stage or another.