CFTC Appreciation Medallion.
Let us pause and give thanks to the CFTC
for willfully refusing to recognize or end the low silver price manipulation of
futures contract prices by several large banks that have sold short silver
positions that far exceed all historic norms of position limits and
concentration limits on the short side of the market. The CFTC has all the data
on who is manipulating. They know the names of the large banks who have such
concentrated positions, and several writers in the private sector have fingered
J.P. Morgan, but the official "investigation" lingers for months, if not years
now, but that's not important. What's important is that we show our thanks and
appreciation for such criminal neglect in high places by buying the silver while
it remains available. Also, why not immortalize such bold incompetence,
ironically, in the very silver that they despise, for future generations so that
they can understand our angst at this peculiar time in history, because
otherwise, future generations would never believe it. I really don't
expect the CFTC to pull their head out.