Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Bart Chilton On Silver Manipulation - Gold and Silver Coiling For a Major Move - The Next Disaster

IMG Auteur
Published : November 14th, 2012
274 words - Reading time : 0 - 1 minutes
( 8 votes, 4.6/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Editorials

 

 

 

 

In discussing the government's lack of reaction in reforming the high frequency trading developments in the market, the CFTC's Bart Chilton remarks in the video below about the unfortunate tendency of regulators not to act until something unfortunate happens as being a:

"...tombstone mentality, when you wait for a disaster before you put something in place."

The CFTC is hampered and opposed at every step of the way by the financial powers and their exchanges, who unfortunately wield a powerful and well-funded lobbying effort that tends to lead the political element in Washington by the nose, or their wallets as you prefer.

I have come to believe that the US government will do nothing effective to reform the gold and silver markets and the equity exchanges until there is a MAJOR dislocation in the markets, and a virtual 'run on the exchange.'

Change will come after the US financial system is threatened by a major solvency or liquidity event.

Whether it comes from a failure to deliver in gold and silver markets that exposes them as a highly artificial and overleveraged house of cards, or another 'flash crash' that brings down a major exchange or trading house through counter party failures, I now believe that this is what it will take to bring meaningful reform to this highly unstable financial system.

Change will be not voluntary with these greedy, self-destructive jackals, especially after the moral hazard that was introduced by the unfortunate policy of no-strings bailouts from the last financial crisis. That was a policy error of the first order.

Reform will be accomplished, but only under the duress of the next financial disaster.


 

 

 

 

 

<< Previous article
Rate : Average :4.6 (8 votes)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Perseus Mining(Au)PRU.AX
Receives Approval to Extend Mining Operations at Edikan Gold Mine
AU$ 0.46+1.10%Trend Power :
Corporate news
Guyana(Ag-Cu-Ni)GPM.V
GPM Metals Inc. Closes Private Placement Financing to Raise $960,000
CA$ 0.12-4.17%Trend Power :
Financings
Cypress Development(Ag-Au-Ni)CYP.V
Directors Re-Elected at AGM
CA$ 0.08+7.14%Trend Power :
Nominations
MDN.(Cu-Zn-Au)MDN.TO
Prospecting Work Begin on Prairie Lake
CA$ 0.04+0.00%Trend Power :
Corporate news
Wildcat Silver Corp.(Cu-Zn-Au)WS.TO
Announces Professor Poonam Puri to Join its Board of Directors
CA$ 0.42+0.00%Trend Power :
Nominations
Midland ExplorationMD.V
Expands Its Gold Position on La Peltrie Southeast of Detour Gold High Grade Mineralization
CA$ 0.77+13.24%Trend Power :
Corporate news
MPH Ventures(Ag-Au-Mo)MPS.V
to Invest in Cash-Flowing Travel Media Company Servicing Travelers to Cuba by Signing LOI to
CA$ 0.04+0.00%Trend Power :
Corporate news
Integra Gold(Gems-Ag-Au)ICG.V
Receives Underground Exploration Permits for Triangle Zone, Commences Surface Preparation and
CA$ 0.32+6.78%Trend Power :
Corporate news
MLM(Au-Co-Cu)MLM.AX
Appointment of Chairman
AU$ 0.05+6.67%Trend Power :
Corporate news
IAMGOLD(Ag-Au-Cu)IMG.TO
Westwood mine production continues uninterrupted following a localized fall of ground
CA$ 2.51-0.40%Trend Power :
Exploration and drilling
Comments closed