Earlier today the CFTC held a sham hearing in which, among other things, the organization discussed position limits in PM speculation, because, you know, it's the mom and pop speculators that destroy the precious metal market (not JP Morgan or the New York Fed mind you). The hearing could not have come at a more opportune time. GATA has just broken a major story, in which a London metals trader-slash-whistleblower exposes JP Morgan's silver price suppression/manipulation scheme.

Furthermore, if indeed the CFTC is complicit in these manipulative events, as GATA suggest, we hope our objective mainstream media readers enjoin GATA in seeking justice for this criminal breach of proper regulatory enforcement.
That's posh speak for the banks are flouting the regulative law. JP Morgan appear to be implicated along with CFTC, naturally.. Naturally.

Original Article:
Whistleblower Exposes JP Morgan's Silver Manipulation Scheme | zero hedge


Related News:
Whistleblower Exposes JP Morgan?s Silver Manipulation Scheme - BlackListed News


Official GATA Forum
A London trader walks the CFTC through a silver manipulation in advance | Gold Anti-Trust Action Committee