Americas Silver Corp fka USAPF

[NYBob]

CFTC's evasion after 3 years investigating silver is answer
enough -
Submitted by cpowell on Sat, 2011-11-05 01:36.
Section: Daily Dispatches
9:50p ET Friday, November 4, 2011

Dear Friend of GATA and Gold (and Silver):

Under renewed pressure by Commissioner Bart Chilton to account
for itself, the U.S. Commodity Futures Trading Commission today
issued a statement about its 3-year-old investigation of
manipulation of the silver market, asserting only that the
investigation continues.

Those who have been taking the CFTC investigation seriously may
wax indignant over the delay in resolution.
But the delay speaks for itself, and eloquently:
Thanks to the complaint about market rigging by London silver
trader Andrew Maguire and GATA's publicizing it at the CFTC's
March 25, 2010, hearing and agitating about it afterward, the
CFTC has probably realized that the rigging of the silver
market is, like the rigging of the gold market, a U.S.
Government operation conducted through intermediaries, primary
dealers in U.S. Government securities, and thus can't be
examined in public without crashing the operation and impugning
the whole government of which the CFTC is a part.


The CFTC well may expect that the silver business can be
resolved by a confidential settlement of the class-action
lawsuit brought against the main silver market manipulator,
JPMorganChase, in U.S. District Court for the Southern District
of New York.
(See the lawsuit's consolidated complaint here:
http://www.gata.org/node/10448.)
If the lawsuit survives a summary judgment dismissal motion by
JPMorganChase, which seems likely, insofar as such a motion
must presume that everything alleged in the complaint is true,
the lawsuit may be worth a few hundred million dollars to the
investment bank just to prevent any hostile law firms from
inspecting its books and interrogating its traders and managers
in court-ordered discovery and deposition.
Such a settlement will make the plaintiffs' lawyers very rich
and let the CFTC off the hook even as it leaves the public with
no formal finding of what actually happened.

Will it end the manipulation of the silver market, or will that
manipulation be ended by whatever futures market position
limits the CFTC eventually decides to enforce?
Maybe -- or maybe JPMorganChase will find intermediaries
through which it can continue to enter the market in
disproportionate size and thus continue to control it.

In any case silver investors probably should be thankful enough
that the CFTC held that hearing a year ago in March and
thankful particularly to Commissioner Chilton for insuring that
GATA Chairman Bill Murphy and GATA Board of Directors member
Adrian Douglas were allowed to speak and introduce Maguire's
complaint in detail.
On the day of the hearing silver was hovering around $15 per
ounce and had been going nowhere in particular.
By the end of the year it had doubled and this week it closed
above $34, and there are many signs of its physical shortage as
the paper hangers of the fractional-reserve precious metal
banking system thrash around desperately to regain control of
the market.

Anything beyond this would require one agency of the U.S.
Government to execute other agencies of the government,
agencies much bigger and more sinister.
Most likely the CFTC would be executed first.
Indeed, GATA often worries for Chilton's safety and is
sometimes surprised that he hasn't already been found in
circumstances making it appear that he had been struck by
lightning, a meteorite, or a freight train.

So thanks, CFTC, but we don't need your silver investigation
anymore.
You've already told us all we need to know.

The CFTC's statement is appended.

Additional comments made by Chilton today to King World News,
regarding the collapse of the trading firm MF Global, can be
found here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/5_Ba...

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

* * *

CFTC Statement Regarding Enforcement Investigation of the Silver Markets

Press Release
U.S. Commodity Futures Trading Commission
Friday, November 4, 2011

http://www.cftc.gov/PressRoom/PressReleases/silvermarketstatement

WASHINGTON -- The Commodity Futures Trading Commission today
issued the following statement:

In September 2008 the commission announced the existence of an
enforcement investigation into the possibility of unlawful acts
in silver markets.
Since that time, the staff has analyzed over 100,000 documents
and interviewed dozens of witnesses and obtained expert advice.
It has been a long, detailed, and thorough investigation, and
it continues in an appropriate and considered manner."

* * *

Support GATA by purchasing a silver commemorative coin:

https://www.amsterdamgold.eu/gata/index.asp?BiD=12

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

http://www.goldrush21.com/

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html

http://www.jsmineset.com/

The GOLD & SILVER is the REAL MONEY -
The Legal Tender In USA -
fiat$ all paper print currency poncy scheme -

Mr. Gold finger - The Rothschilds 500 TRILLION DOLLARS -

Rothschild/Hitler a winner doesn't matter what.

Rothschilds and the Federal Reserve -

Rothschild/Hitler -
http://doreenellenbelldotan.info/AdolfRothschildHitler.htm

The Rothschilds 500 TRILLION DOLLARS -

U.S. Silver Corp. - USSIF - lets move -
fiat .61 next -

http://www.otcqx.com/qx/market/quote?symbol=ussif

http://harveyorgan.blogspot.com/

Barf Bucket Banksters : Keiser Report

the more fiats the fraud 666 banksters cults print -
the Higher Silver FLY -

Birgitta Jonsdottir : Iceland : keiser report -

The New Gold Standard Now -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68476346

US SILVER CORP. (USA:TSX) -

http://www.b-tv.com/features/watch-now.html?clip=USSilverOct11.wmv

Welcome to Ron Paul 2012 -
Liberty, Freedom & Rights for the PEOPLE -



http://investorshub.advfn.com/boards/board.aspx?board_id=9201
God Bless