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IPFS News Link • Gold and Silver

Ignoring Years Of Silver Price Manipulation, Orwellian CFTC Now Goes After Reddit Apes

• Zero Hedge - Tyler Durden

Submitted by Ronan Manly, BullionStar.com

On Monday 1 March, an article in Bloomberg by CFTC connected lawyers from law firm Clifford Chance revealed that the Commodity Futures Trading Commission (CFTC) is reportedly investigating retail silver trader activity in the silver price and that the US Department of Justice looks set to investigate as well.

Before looking at this shocker of an Orwellian development, it's helpful to provide some context on the CFTC's track behavior in this area and to show how hypocritical such a development would be. 

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Rewinding exactly one month previously to Monday 1 February, as the spot price of silver rallied to an 8-year high of just under US$ 30 per troy ounce amid heightened retail interest and the emergence of the #SilverSqueeze, it was predictable that the establishment on Wall Street and in Washington DC, an establishment with a collective vested interest in a low and suppressed silver price, would feel the heat and attempt to counteract the rally.  


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