Gold Price Fixing Bombshell
William Murphy, chairman of Gold Anti- Trust Action (GATA), shocked the Commodities Futures Trading Commission (CFTC) by revealing the name and position of a whistle blower who had warned the CFTC Enforcement Division of market manipulation by JPMorgan Chase in advance of it happening and had witnessed Morgan traders boasting of their exploits.
The March 25 meeting was a “sham,” filled with deception and half-truths and with the “liars and thieves behaving like cornered rats,” according to several of those present. In what might have been a harbinger of things to come, CFTC announced a week before the hearing that they had had a fire in the room where its gold and silver records are held. No further information as to what kind of damage occurred was released.