Silver Manipulation Investigation May Spark Price Spike
Commodities / Gold and Silver 2011 Mar 15, 2011 - 05:20 AM GMTFinally, after years of revelations by whistleblowers such as Ted Butler (ButlerResearch.com) and former metals trader Andrew McGuire, the U.S. Commodity Futures Trading Commission is conducting an investigation into possible criminal manipulation of the COMEX silver market. Specifically, McGuire has charged, and Butler has reported, that JP Morgan traders collude with other traders to instigate sell-offs in silver in order to depress prices, then buy up the metal in order to profit when prices recover.
In our latest video blog, Michael Maloney and silver expert David Morgan (Silver-Investor.com) discuss the ongoing investigation and what would happen to silver prices if regulations were put in place to stop the manipulation.
“We have never gone down the road this far,” David reflects. “We’ve had roadblock after roadblock, and now the roadblocks are gone, and we are speeding toward the truth, and I am really excited about it.”
- Mike Maloney
Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.
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