Friday, May 27, 2011

Paper Pushers Punish Silver Again

The fraudulent Paper Pushers who sell massive amounts of unbacked paper silver contracts have just done it again on silver.  While the U.S. Dollar is in freefall, gold rising rapidly and silver doing the same, in come the Paper Silver Shorts and they perform another fraudulent silver price take down while the obviously corrupt CFTC turns the other way and lets them have there way with the silver longs.

Anyone with even half a brain knows that silver is like gold and trades like a currency and protection against Fiat currency debasement.  It is also blatantly obvious that this immediate and sharp sell off is 100% unnatural and is intended to take price down without any concern of maximizing the selling price of the silver metal itself.

It is done with one purpose and one intention only, to illegally manipulate the price of silver lower for the benefit of those big players that are short massive amounts of paper silver contracts.

Gary Gensler and Bart Chilton should be charged with negligence in performing their mandated job purpose which is to keep the futures markets trading freely from manipulation like this.