N********n
发帖数: 8363 | 1 Uh-oh. Finally one regulator starts to talk about, GASP, regulating. Let
us wait and see if it's just talking w/o walking. Cannot wait to nail
JPM's naked ass but don't expect bankers to lay down and surrender, tho.
===================================================================
Statement of Commissioner Bart Chilton
U.S. Commodity Futures Trading Commission
Public Hearing on Anti-Manipulation, Tuesday, October 26, 2010
I take this opportunity to comment on the precious metals markets and in
particular the silver markets.
More than two years ago the agency began an investigation into silver
markets. I have been urging the agency to say something on the matter for
months. The public deserves some answers to their concerns that silver
markets are being, and have been, manipulated.
The legal definition of manipulation under the law is a high bar to prove.
It is a much different test than what the average person might consider as
manipulation. Under existing law, to prove manipulation, the government is
required to demonstrate not only specific intent; we also need to prove that
as a result of the intent and market control, that activity caused an
artificial price -- a point that can certainly be debated by economists.
Attempted manipulation is less difficult to prove -- requiring an intent to
manipulate and some overt act in furtherance of that intent. There are also
other violations of law that could contort markets and distort prices.
I believe that there have been repeated attempts to influence prices in the
silver markets. There have been fraudulent efforts to persuade and deviously
control that price. Based on what I have been told by members of the public
and reviewed in publicly available documents, I believe violations to the
Commodity Exchange Act have taken place in silver markets and that any such
violation of the law in this regard should be prosecuted.
In saying this, I am fully aware of the prohibition from divulging trader
names or information about their positions I am extremely careful not to
violate the law in this, or any, regard. I also cannot pre-judge anything
the agency may do with regard to our silver investigation, or any other
matter.
The Wall Street Reform and Consumer Protection Act, which I strongly
supported, contains new manipulation provisions as well as anti-disruptive
trading rules. These new authorities, along with the implementation of
thoughtful position limits in metals, will go a long way toward ensuring
more efficient and effective metals markets devoid of fraud, abuse, and
manipulation.
Thoughtful investigations take time. The CFTC staff has worked extremely
hard on the silver investigation. That said, there is a point at which it is
our responsibility to say something. Within the law, I have done so. I am
hopeful that the agency will speak publicly about the investigation in the
very near future and when they do so that it will be in a more granular
fashion than I am permitted from doing at this time. | a*o
发帖数: 19981 | 2 Silver price should be $50-80/oz if there is no manipulation in the past
decades, ye~~~~~~
【在 N********n 的大作中提到】
: Uh-oh. Finally one regulator starts to talk about, GASP, regulating. Let
: us wait and see if it's just talking w/o walking. Cannot wait to nail
: JPM's naked ass but don't expect bankers to lay down and surrender, tho.
: ===================================================================
: Statement of Commissioner Bart Chilton
: U.S. Commodity Futures Trading Commission
: Public Hearing on Anti-Manipulation, Tuesday, October 26, 2010
: I take this opportunity to comment on the precious metals markets and in
: particular the silver markets.
: More than two years ago the agency began an investigation into silver
| a**u
发帖数: 7128 | 3 聽你的， 磚頭不賣了。
【在 a*o 的大作中提到】
: Silver price should be $50-80/oz if there is no manipulation in the past
: decades, ye~~~~~~
| g******n
发帖数: 53185 | 4 我看白银应该能到150刀到200刀
【在 a**u 的大作中提到】
: 聽你的， 磚頭不賣了。
| d*j
发帖数: 13780 | 5 保守了， 我看不止
【在 g******n 的大作中提到】
: 我看白银应该能到150刀到200刀
| g******n
发帖数: 53185 | 6 到时候我按照spot都出给你
【在 d*j 的大作中提到】
: 保守了， 我看不止
| a*****4
发帖数: 3081 | 7 那时候估计都会在厕所写上，Toilet paper only, No dollars. | a****e
发帖数: 1840 | | N********n
发帖数: 8363 | 9 Video by a hardcore silver bug. His calculation might not be accurate but
his reading on the fundamentals are alright. |
|
