Shocking Silver News!

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The Commodity Futures Trading Commission first announced that it was investigating “complaints of misconduct in the silver market” in September 2008 after a group of precious metals investors alleged manipulation, the FT reported.

It said that while the CFTC has not yet formally determined the outcome of the investigation, leaving the possibility that staff could be instructed to dig deeper, the agency does not currently have sufficient evidence to bring a case.

A decision to end the investigation would likely anger some U.S. silver investors, the newspaper said.

“I’m sure it will be met with some concern from a certain group of aggressive silver speculators,” one person familiar with the investigation told the FT.

Previous CFTC silver inquiries in 2004 and 2008 found no evidence of wrongdoing, the paper noted.

This news reverberated through the retail precious metals world today creating a sense of disbelief and betrayal. Harvey Organ threatened to serial E-mail Bart Chilton until he cuts his mullet off. Turd Ferguson was aghast and threatened to do a special podcast interviewing himself and establishing another live trading session for only the chosen turdite elites that profess complete obedience to Turdville. Yes …..we have been betrayed…..yet again. Don’t worry…..it isn’t the first and it won’t be the last.

I am growing tired of the lack of movement (other than down) in the metal trade, but that is what a normal correction after a ten year bull move should do. It should tire you out. It should make you sick of the trade and discourage you.There are two sides to this trade……YOU and the other side..whether its JPM/Central bank or the Chinese or the Hedges….. Its the game. Watching the decline and fall of Western Civilization provides more stimulation now, but borders on comedy at times. If you have to listen to one more CNBS cliche on why gold is not a safe haven trade I may barf….but…that is the game. gl and enjoy the comedy…….ya gotta laugh at the incredible joke it all is.

2012-08-06 23:38:23

Source: http://kliguy38depression2news.blogspot.com/2012/08/shocking-silver-news.html