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"The silver markets have been under investigation for the past three years by the Commodities Futures Trading Commission because some analysts have suspected manipulation of the price of the metal, driving the price down. The accusation is that a few large traders control the majority of the 'short' positions in silver futures. According to the CFTC, one third of the net short position in silver futures on the Comex, the New York metals exchange, was held by fewer than four traders.
"The Commission had been quiet about its findings, until Tuesday, when Bart Chilton, Commissioner of the Commodities Futures Trading Commission, said in a hearing in Washington D.C., that there have been "fraudulent efforts to persuade and deviously control" the price of silver. The Commission is proposing new rules to prevent manipulation--which should be a good thing for the silver markets."
Comment:
Better late than never! They proceeded at the speed of government, taking three years to see what others could see in a nano-second by looking at the official reports sitting in front of them.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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