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CFTC Announces it is Closing it's Silver Manipulation Investigation

By admin 5 years ago 1372 Views 6 comments

Should we be shocked that the CFTC is closing its silver manipulation investigation? Should we be shocked that they are going to take NO action against the silver manipulator JP Morgan, despite overwhelming evidence provided by Ted Butler, Andrew Maguire and two whistle blowers who previously worked for JP Morgan?

Should we be shocked, outraged and stunned? Yes. Should we be surprised? No. This is just par for the course. I am reminded of a quote coined by one of GATA's founding members Chris Powell, "There are no markets anymore, just interventions".

The CFTC has proven itself to be bought and paid for. If they are not, then they are simply incapable of interpreting the clear evidence that is being handed to them on a golden platter. I would lean towards the prior.

This annoucment by the CFTC comes quickly after an interview conducted by Max Keiser, featuring the infamous Andrew Maguire. Andrew Maguire dropped this bomb shell during the course of this interview in regards to the then ongoing CFTC investigation:

"I was approached in April 2012 by 2 JP Morgan employees, both of whom said look, we’ve got evidence that back up (manipulation) - the same period of information that you’ve publicly disclosed. They submitted a formal submission to the CFTC. That was done in June 2012- well over a year ago! …

The Fed is now just the world’s largest hedge fund. There are now no more markets. As Chris Powell coined the phrase, There are no markets anymore, just interventions.

What absolutely amazes me is when you have actual evidence provided by a firm that is known to be manipulating other markets- energy markets, other metals markets, & the CFTC who are supposed to be the regulators has actual evidence of manipulation in their control, and over a year passes and I see and hear nothing!

The whole reason is alot of these interventions are obviously sanctioned by someone very high. Its got to be the Fed or the Bank for International Settlements!"

Clearly the CFTC did not like these revelations coming to light. Was pressure placed on the CFTC to quickly close the investigation? I doubt they will be forth coming with that information. Below is a brief part of the statement that the CFTC released today:

“Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.”

Once again, there has been overwhelming evidence submitted by the likes of Ted Butler and Andrew Maguire in regards to this investigation. Maguire has even go as far as walking the CFTC through an act of manipulation being conducted in real time! The system has truly become corrupt.

You can watch Max Keiser's interview with Andrew Maguire below, his part begins at 12:25:

michelle boyle 3 years ago at 10:14 PM
I am a regular viewer of Max Keiser - and saw this episode. As you say it is no surprise but ultimately is an apalling excuse for an investigation which is obviously a reflection on those involved-right to the top - as they say in Belfast - if they had brains they would be dangerous!. It is a true saying that what goes around comes around and look forward to the distruction they will bring on themselves (by their own hand); on the plus side they have more to loose!
Jeffrey Christian Attacks the Messenger Accuses Andrew Maguire of Fraud | Sprott Money Blog 3 years ago at 10:14 PM
[...] its participation in the manipulation of the silver market (a case which now the CFTC has dismissed, despite an abundance of evidence suggesting otherwise). These revelations came at [...]
Sprott Money News | Ask the Expert – James Turk (October 2013) 3 years ago at 10:14 PM
[...] James, recently the CFTC concluded a five year investigation into the manipulation of the silver market by JPMorgan Chas.... It was concluded by the CFTC that there is no clear evidence of manipulation. This decision comes [...]
James Turk: Gold Manipulation – Is The CFTC Bowing To The Exchange Stabilization Fund? | The Freedom Report 3 years ago at 10:14 PM
[...] James, recently the CFTC concluded a five year investigation into the manipulation of the silver market by JPMorgan Chas.... It was concluded by the CFTC that there is no clear evidence of manipulation. This decision comes [...]
Ask The Expert – James Turk, Have We Gone Too Far Down the Rabbit Hole? | Sprott Money Blog 3 years ago at 10:14 PM
[...] the CFTC concluded a five year investigation into the manipulation of the silver market by JPMorgan Chas.... It was concluded by the CFTC that there is no clear evidence of manipulation. This decision comes [...]
Jeffrey Christian Attacks the Messenger Accuses Andrew Maguire of Fraud – The News Doctors 3 years ago at 10:14 PM
[...] its participation in the manipulation of the silver market (a case which now the CFTC has dismissed, despite an abundance of evidence suggesting otherwise). These revelations came at [...]

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