Silver Price Gets "Spoofed" During CFTC’s Coffee Break


Manage episode 266846900 series 2744043
By Arcadia Economics and Chris Marcus. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
On Wednesday morning, possibly during the CFTC’s coffee break, the silver price was “spoofed” again. Now if you don’t know what “spoofing is,” don't feel bad. Because in reality, it's a silly word made up by regulators to pretend to describe a crime that they are allegedly protecting investors against. Yet once again, despite several JP Morgan traders already pleading guilty to repeatedly manipulating the gold and silver markets, while mentioning that they were doing it with knowledge of their supervisors and that it was widespread practice at their firms, the silver price again got smashed Wednesday on no ascertainable news. Most likely the situation will never be resolved by the regulators, but instead by the market, in what’s shaping up to be one of the greatest short squeezes in our lifetimes. To find out why, click to listen to the video now!

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