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March 26, 2010 / Hal (GT)

Whistle blower: A London trader walks the CFTC through a silver manipulation in advance.


This is a must read. I would like to think something will come of it, but hey, it’s our government. They allowed Madoff to do what he did in the face of whistle blowers and only went “What?” after the whole thing blew up.

A London trader walks the CFTC through a silver manipulation in advance | Gold Anti-Trust Action Committee.

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

Right now ExactPrice is showing silver trading at $16.91.

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