Bart Chilton: FT Report That CFTC to Drop Silver Investigation is ‘Inaccurate & Premature’, ‘There Have Been Devious Efforts to Move Price of Silver’

When we first learned Sunday night that the FT was reporting that the CFTC was dropping their 4 year silver investigation, The Doc contacted CFTC Commissioner Bart Chilton for his take and role in the decision.

Just like Usain Bolt at the 2011 World Championships, it appears that the FT has jumped the gun.

Commissioner Chilton has informed us that ‘The Financial Times report related to silver is not only premature, but inaccurate in several respects‘.

As to whether Chilton believes the silver market has been manipulated the Commissioner informed us:

‘I continue to believe, consistent with my previous statements to which you referred, and based upon information from the public, that there have been devious efforts related to moving the price of silver. Incidentally, I also believe there have been silver and gold market anomalies outside of the silver investigate window that have raised, and continue to raise, market concerns.‘

The Doc’s full correspondence with Commissioner Chilton is included below:

Commissioner Chilton,
As I’m sure you are aware, the FT tonight reported that the CFTC will be dropping its 4 year investigation into silver market manipulation, ‘after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation.’

In 2010 you made a public statement regarding the silver market that ‘there had been “fraudulent efforts” to “deviously control” the silver price.

I am wondering whether you agree with the decision to drop the investigation due to lack of sufficient evidence or whether your opinion was overruled by Commissioner Gensler and the rest of the Commissioners.

Once the CFTC officially confirms that the investigation has been dropped, we would love to have the opportunity to speak with you regarding your thoughts on the conclusions of the 4 year investigation as you mentioned previously.

The Doc,
SilverDoctors.com

Commissioner Chilton responded:

‘There has been no such decision. I’ve been on the blower with some reporters saying what I can about the inaccuracies. Hopefully there will be a story or two that contains some of this.
In general, what I’ve said is this:

The Financial Times report related to silver is not only premature, but inaccurate in several respects.

Whenever the CFTC does take an action or actions related to our silver investigation, I am hopeful that we will do so in a fulsome and transparent manner. That will certainly be my desire in anything we do.

I continue to believe, consistent with my previous statements to which you referred, and based upon information from the public, that there have been devious efforts related to moving the price of silver. Incidentally, I also believe there have been silver and gold market anomalies outside of the silver investigate window that have raised, and continue to raise, market concerns.

Perhaps there will be more coverage on this matter soon.

http://www.silverdoctors.com/bart-chilton-ft-report-that-cftc-to-drop-silver-investigation-is-inaccurate-premature-there-have-been-devious-efforts-to-move-price-of-silver/#more-11082