What we know about the CFTC and its failure to act on blatant illegal naked short selling over many years, illegal settlements in cash at premiums instead of physical delivery, failure to act on whistle-blower information and catching a bank red-handed manipulating silver, and the admission that silver was leveraged 100:1 ....the revelation that one judge had promised the head of the CFTC that it would NEVER find 'for' a complainant against one of the banks (blatant corruption) and the revelation recently that there are a number of officers in the CFTC are in the pay of the banks...
Doesn't give me the slightest belief the CFTC will do anything that limits what JPM, HSCB and others are doing in the heavy manipulation of silver and gold.
The only time the CFTC will do anything is if the whole thing is about to blow apart and they want to scurry off to protect their own necks.
As for silver and the likes of CCU and physical silver - buy the dips. Over the longer term physical silver will be in short supply.
CCU Price at posting:
64.1¢ Sentiment: Hold Disclosure: Held
