Bartman (Not Batman): Silver Probe Concluding This Year

[phideaux]

Four friggin' years.

CFTC’s Chilton Sees Silver Probe Concluding This Year

By Silla Brush - Jul 22, 2012 9:00 PM MT

A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.
“I am hopeful and expect the silver investigation to conclude in the not-too-distant future, hopefully in September or October,” Chilton, a 52-year-old Democrat, said in an e- mail. “It has already taken way too long.”

The enforcement division of the Washington-based agency, the main U.S. overseer of derivatives markets, began pursuing allegations of manipulation in the silver market in September 2008.

Investigators have analyzed more than 100,000 documents and interviewed dozens of witnesses, the CFTC said in a November 2011 statement.

Chilton, who didn’t say whether the probe has uncovered evidence of manipulation, said previously that there had been “repeated attempts” to influence prices.

“There have been fraudulent efforts to persuade and deviously control that price,” he said at an October 2010 hearing in Washington. “Any such violation of the law in this regard should be prosecuted.”

http://www.bloomberg.com/news/2012-0...this-year.html

Steve Adamske, a CFTC spokesman, didn’t immediately respond to an e-mail seeking comment on the status of the investigation sent outside of regular business hours.

‘Numerous Letters’

The agency concluded in a May 2008 report, before starting the investigation, that there was no evidence of manipulation in the market between 2005 and 2007. The CFTC, in the preceding two decades, had received “numerous letters, e-mails and phone calls from silver investors” alleging that silver futures on the New York Mercantile Exchange had been manipulated downward, according to the report.

The CFTC was granted broader powers to pursue such cases under the Dodd-Frank Act. Commissioners last July completed rules making it easier to prove fraud and manipulation in markets for derivatives and commodities. The rules eased requirements that enforcement lawyers demonstrate that artificial prices were set and prove traders intentionally manipulated markets. The new anti-manipulation rule requires the agency only to show that traders acted recklessly.

To contact the reporter on this story: Silla Brush in Washington at sbrush@bloomberg.net

[Goldhedge]

What you bet they don't find any anomalies...

[GOLD DUCK]

QWAK,HUMmmmmmmmm Perhaps Bartman has a CONSTIPATED brain caused by a SOLID SILVER UNICORN BUTT PLUG??

He has been injoying His SILVER PROBE for over 4 years now and all good (?) things must end so --- PULL the PROBE and get on with the SHOW!!!


http://i.crackedcdn.com/phpimages/ar...4/99314_v1.jpg

Price $3,475.00


This "unicorn" butt plug is made with an actual horse's mane, providing you maximum realism when you feel like lodging a shaft of solid silver in your rectum to role play as a mythological creature. Unlike your average butt plug, this is a product "inspired by human science and spirituality fused with lust for the finer things in life," which we assume means it was made by the world's finest butt plug scientists in their state-of-the-art butt plug laboratories. We wonder what they tell their children they do at work all day?

SEX TOYS of the RICH and FAMOUS!

AMASING what one can find with GOOGLE!

Perhaps this means that -- the SILVER PLUG will be removed in SEPTEMBER?

I hope this post don't get me BANNED -- it was jut too damed funney not to post it!

the DUCK

[GOLD DUCK]

QWAK,It started with LBJ!!

11:38a ET Monday, July 23, 2012

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler writes today that he has come to believe that the U.S. government, while not the instigator of the silver price manipulation scheme, has become a participant in it and that the U.S. Commodity Futures Trading Commission, which has purported to be investigating the silver market for nearly four years, has been neutered by the U.S. Treasury Department, which has given its market-rigging agent, JPMorganChase & Co., immunity from criminal prosecution.

None of this should be so surprising, as even Butler himself has noted that when the U.S. government demonetized silver in 1965, President Lyndon B. Johnson proclaimed that the government would intervene in the silver market as necessary to keep the price down, presumably by dishoarding from the government's silver stockpile.

Signing the demonetization legislation, the president said:

"Some have asked whether our silver coins will disappear. The answer is very definitely -- no. Our present silver coins won't disappear and they won't even become rarities. We estimate that there are now 12 billion -- I repeat, more than 12 billion -- silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins. Since the life of a silver coin is about 25 years, we expect our traditional silver coins to be with us in large numbers for a long, long time. If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be and it will be used to keep the price of silver in line with its value."

Johnson's comments have been archived with other presidential documents by the University of California at Santa Barbara here:

http://www.presidency.ucsb.edu/ws/?pid=27108

Of course Johnson's promises about keeping silver coins in circulation and keep silver's price down were not fulfilled. The government's silver stockpile was exhausted and U.S. silver coins did indeed disappear from circulation. But the government's interest in suppressing the price of the monetary metal, suppressing the value of a competitive currency, endures.

Indeed, like so much in the U.S. government's gold price suppression scheme, the silver price suppression scheme is largely a matter of official public record rather than mere "conspiracy theory." But GATA has no idea what it will take to induce mainstream financial journalists to examine the official public record, even as we keep urging them to do so.

Butler's commentary is headlined "The War on Silver" and it's posted at GoldSeek's companion site, SilverSeek, here:

http://www.silverseek.com/commentary/war-silver

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc


the DUCK