View Full Version : Is Silver Being Manipulated... One CEO Thinks So

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06-05-2015, 04:14 PM
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Is Silver Being Manipulated... One CEO Thinks So (http://info.kitco.com/is-silver-being-manipulated-one-ceo-thinks-so)

Evidence continues to mount that precious metals markets are being manipulated. The realm of manipulation has spread from interest rates through LIBOR, to currency markets and now to precious metals. And, it is no longer just the conspiracy theorists that are spreading the allegations.

Earlier this week, Keith Neumeyer, president and CEO of First Magestic Silver Corp., sent a letter to the Commodity Futures Trading Commission (CFTC) questioning the size of short positions in the marketplace. He said the CFTC was not working within the confines of commodity law and added that there is an issue with the discovery price process as “real producers and consumers of silver don’t appear to be represented.”

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These allegations of market manipulation will not be going away anytime soon. August will be the one-year anniversary of the launch of the London Bullion Market Association’s Silver Price, the new auction process that replaced the 100-year old London Silver Fix. Researchers have been monitoring the price action around the new fixing process and we would expect to see the results of this research by September or October.

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