Silver Price Manipulation
By David Morgan
May 22, 2008
This week I must address the latest Commodity and Futures Trading Commission (CTFC) findings that, “The U.S. commodities regulatory body found no evidence that silver prices had been manipulated downward by short sellers after re-examining long-term and recent allegations of misconduct.”
I was asked by Dow Jones to comment on the CFTC findings. The first point I stated was, “It is not possible to manipulate the trend in a market, but it is possible to “manage” the price within silver’s uptrend.” I went on to state that the price of silver can be managed, within certain boundaries, through short selling. I believe silver would be far higher if not for selling of “vast amounts” of silver that doesn't exist, or “naked shorts.”