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<p>[QUOTE=&quot;Mach, post: 1995961, member: 72305&quot;]Gold/Silver reserves are grossly understated. You can rest assured that the oligarchs have a higher proportion of the precious metals under their control than they do the paper market. Look how perfectly the transition to precious metal currency has been setup.</p><p><br /></p><p>Sheeple getting played like pawns as usual.</p><p><br /></p><p>It is well known that JPMorgan short sells gold and silver in one day equal to the entire mining production of a full year. It is all a paper scam and will soon fall with those investing in paper gold and silver as the big losers.</p><p>If you do not hold it you do not own it...</p><p><br /></p><p>Silver Price is Heavily Manipulated. Silver should be $80 to $150 an ounce today.</p><p><br /></p><p>Read about CFTC report for Silver manipulation for past 4 years:</p><p><br /></p><p>The head of the CFTC</p><p><br /></p><p>Statement of Commissioner Bart Chilton</p><p><br /></p><p>U.S. Commodity Futures Trading Commission</p><p><br /></p><p>Public Hearing on Anti-Manipulation and Disruptive Trading Practices</p><p>Washington, D.C.</p><p><br /></p><p>Tuesday, October 26, 2010</p><p><br /></p><p>I take this opportunity to comment on the precious metals markets and in particular the silver markets.</p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>

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