Just released on King World News site...

With many lawsuits having been filed against JP Morgan for alleged manipulation of the silver market, today King World News interviewed CFTC Commissioner Bart Chilton. Commissioner Chilton was incredibly candid throughout the entire interview. As an example, when asked if there is nefarious activity (manipulation) going on or that has gone on in the silver market, Chilton responded,

“I think there has been, Eric. I talked last year about this, I urged the agency to say something. I just think it’s fair that after so long, on an investigation that you’ve publicly announced, that you give some sort of update.”“I mean nothing that would jeopardize the furtherance of the investigation. We do a really poor job of communication at this agency. People don’t respond to emails, we don’t put out information. I think this goes back, by the way, to something that we were talking about earlier, are we captives of the exchanges or the banks?

I think by and large we haven’t been a very retail, consumer that is, focused agency. Here’s what I can tell you about silver, Eric, I have been contacted, for years, by some folks that I think have a lot of credibility. It’s one thing when they say this and that is going on and I check it out and maybe some of it’s true and maybe some of it’s not.

But when people email me and say, ‘You watch the market (silver) between 9:15 and 9:45 tomorrow and it’s going to tank or it’s going to do this or it’s going to do that.’ I hold on to it and I watch the market and what they say happens, and I’m not saying this always happens, but it happens even 50% of the time, 60% of the time, there’s no way that doesn’t raise my antenna, like major, electric antenna goes up.

So to me that was the reason why I thought we needed to look at this (silver), investigate it. That’s why I called for it, Commissioner Dunn also called for the investigation, but I can tell you based on what I have been told by members of the public and reviewed in publicly available documents, I believe that there’s been violations of the law, The Commodity Exchange Act.

They’ve taken place in the silver market and I think any such violation, of course, should be prosecuted to the full extent of the law. I believe there has been repeated attempts to influence prices in the silver market. And there’s been fraudulent efforts to persuade and deviously control the price.”

As mentioned previously, Bart Chilton was incredibly candid during the entire interview. He discussed the MF Global situation, along with silver manipulation and much more. The extraordinary KWN interview with Bart Chilton will be available shortly…