Someone is Price Rigging the Silver Markets each day at 2 AM. Who is Rostin Behnam?
Now all this Meddling and Tamping has become a Boon for BRICS ++. They understand this happens in the West. West has lost control and Shanghai Sets the Silver Price Until Silver is Extinct.
by Jon Forrest Little
There are “substantiated” allegations that the CFTC has taken actions to suppress or "tamp down" silver prices, to benefit large banks involved in short selling silver futures contracts. And of course the CFTC has denied these allegations.
The main claims against the CFTC regarding silver price manipulation are:
The acting CFTC chairman Rostin Behnam confirmed the agency took steps to cap the price of silver, which is described as an "unusual comment for a regulator to make."
A letter was sent to Behnam questioning his comments about "tamping down" and "controlling the silver price and volatility."
There are accusations that the CFTC has ignored evidence of manipulation in the silver market by large traders with substantial short positions in silver futures, despite receiving thousands of complaints over the years [1][2][5].
It is claimed the CFTC has turned a blind eye to allow banks like JPMorgan to suppress silver prices through practices like "spoofing" and triggering stop-loss orders.
While the CFTC closed an investigation into silver market manipulation in 2013 [5], stating there was no viable basis for an enforcement action, critics argue the agency did not properly evaluate the evidence or fundamentals of the silver market.
However, the CFTC has maintained that its investigations and market surveillance did not find sufficient evidence of manipulation to bring enforcement actions related to silver prices [5].
The agency has brought cases against individual traders for spoofing and manipulation in precious metals futures, but has not implicated itself in directly suppressing silver prices [4].
There are persistent allegations from critics that the CFTC has acted improperly to tamp down silver prices at the behest of large banks, the CFTC has denied these claims and stated its investigations did not substantiate manipulation of the silver market.[1][2][5]
Who is Price Rigging the Silver Markets each day at 2 AM?
How do the banksters push them both down (Gold and Silver) at the same time?
end of that section
India imported more Silver in Q1 2024 than it did in all of 2023
As of yesterday COMEX reports that it has 62 million Troy ounces of registered Silver (if you believe it).
India alone has imported 134 million Troy Ounces (4172 metric tons) of physical Silver this year.
Theoretically, India can take COMEX registered Silver to ZERO in less than 2 months!
Heads I win, tails you Lose
So The US banks / CFTC tamps giving Reddit Apes and Silver Academy subscribers cheap Silver and Gold
So The US banks / CFTC tamps giving BRICS ++ cheap Silver and Gold
Banks will go bust
Public will bail them out
Their profits are privatized
Their losses are socialized
Thank you Rostin Behnam.
By your past actions it is no matter of wonderment that you work for the US government
Editors Note
The Peter Principle refers to the tendency for employees in a hierarchical organization to be promoted to their level of incompetence. In the context of government, it suggests that individuals may rise through the ranks and be promoted to positions for which they are ill-suited or lack the necessary skills and competence.
Specifically, in relation to government and incompetent officials, the Peter Principle implies the following:
Competent employees in government are rewarded with promotions to higher levels of responsibility.
As they are promoted, the skills required for success at each new level change and become more complex, such as political acumen, strategic thinking, or managing larger teams.
Eventually, these employees reach a level where their skills and abilities are no longer sufficient to perform competently in the new role.
However, due to factors like seniority, tenure, or lack of performance evaluation, they tend to remain in that position of incompetence without being demoted or fired.
This leads to key government positions being occupied by individuals who are not fully capable of executing the duties required, resulting in inefficiency and poor governance.
The Peter Principle suggests that the natural progression of promotion in government hierarchies inadvertently leads to incompetent people occupying influential roles for which they lack the requisite skills and qualifications. Overcoming this requires robust performance evaluations and avoiding promotions based solely on success in previous roles
Citations:
https://www.bullionstar.com/blogs/ronan-manly/orwellian-cftc-which-ignored-years-of-silver-price-manipulation-now-going-after-reddit-apes/
https://goldbroker.com/news/cftc-scrutinizing-whether-gold-silver-prices-are-being-manipulated-london-222
https://www.cftc.gov/PressRoom/PressReleases/7567-17
https://www.cftc.gov/PressRoom/PressReleases/6709-13
Futures trading and/or any paper trading of a Constitutionally prescribed monetary metal should be illegal. Including ETFs not backed by 100% of the metal.
It’s really that simple.