Many people were disappointed by the announcement today that the CFTC closed their “investigation” into the Silver Market. Here was the announcement:
CFTC Closes Investigation Concerning the Silver Markets
Washington, DC – The Commodity Futures Trading Commission (CFTC or Commission) Division of Enforcement has closed the investigation that was publicly confirmed in September 2008 concerning silver markets. The Division of Enforcement is not recommending charges to the Commission in that investigation. For law enforcement and confidentiality reasons, the CFTC only rarely comments publicly on whether it has opened or closed any particular investigation. Nonetheless, given that this particular investigation was confirmed in September 2008, the CFTC deemed it appropriate to inform the public that the investigation is no longer ongoing. Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.
On the surface the average silver bug will be saying “What else is new from the CFTC…they let the bad guys go.” but, like usual, hidden beneath many of the statements coming from the mainstream lies another hidden truth..
THAT THERE IS ANOTHER SILVER INVESTIGATION THAT HAS NOT BEEN CLOSED!
A classic diversion necessary for progressing to the End Game and laying blame directly on the Bad Guys.
I will dive deep into this angle in this week’s Friday Road Trip but for our cause it’s all about timing of the end game now. The fact that this haphazard announcement came out in late September is what is important. You didn’t really think that the CFTC would announce the real charges PRIOR to the Global Banking Meltdown did you?!
IT WOULD HAVE CAUSES THE MELTDOWN!
Again, more on this announcement in the Road Trip.
In the meantime – laying to rest this issue for the mainstream silver investors has cleared the way for the BIG STUFF to take place.
May the Road you choose be the Right Road.
PS – This announcement was meant to hit the markets as a “no big deal” and attract as little attention as possible due to the real issues that are about to hit as discussed in last week’s Road Trip: