Our resident economist, Wayne Jett, discusses a Mar. 25 meeting where attendees received shocking news of fraudulent trading in the precious metals markets.
For years, respected industry spokespersons such as GATA (Gold Anti-Trust Action Committee) chairman Bill Murphy have asserted that central banks, government officials, and Wall Street have been co-conspiring to artificially suppress the market price of gold and silver for their own financial benefit.
On Mar. 25, Murphy, London metals trader Andrew Maguire, and other industry experts had a chance to express their views and concerns at the CFTC Open Meeting to Examine Metals Futures and Options Markets.
As noted in this YouTube video, Andrew Maguire and his wife were broadsided in a hit-and-run accident, one week after he exposed the systemic fraud in the precious metals markets that was being committed by the likes of JPMorgan Chase with the help of the CFTC.