Today King World News is reporting breaking news that the CFTC has just stonewalled 42-year market veteran John Hathaway’s request for information about suspicious trading activity in the gold market. This news comes on the heels of the CFTC dropping its 5-year investigation into silver manipulation, despite the fact that two JP Morgan whistleblowers came forward with information that JPM blatantly engaged in manipulation. In this KWN exclusive interview, Hathaway, who is one of the most respected institutional minds in the world today regarding gold, and whose fund was awarded a coveted 5-star rating, discusses the CFTC stonewalling and much more.
Eric King: “John, what were your thoughts when you heard that the CFTC dropped its 5-year investigation into silver manipulation without filing any charges?”
Hathaway: “This looks like stonewalling of some kind. But it’s like the State Department investigating Benghazi. It’s a review by the CFTC that, on the surface, doesn’t have any credibility. I would expect that an outside inspection of the same data the CFTC had access to would show something very different….
“I’m very frustrated by it, as I was by their refusal to answer my question yesterday regarding trading activity in the gold market. We asked the CFTC for trading information in the gold market going back one year, and the CFTC said they just won’t release it. ”
Eric King: “John, what were your thoughts when the CFTC said you have this request for trading activity but we are just not going to give it to you?”
Hathaway: “I’m not going to give up. I’m interested in bursts of suspicious trading in the gold market. Yesterday we had 20,000 contracts in 5 minutes. I want to put together a data base of that type of suspicious trading.”
Read the full article at KING WORLD NEWS
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