The CFTC hearing on possible manipulation in the precious metals market received a bombshell with a presentation from Bill Murphy of GATA . Bill released information provided by whistle blower Andrew Maguire, a former Goldman Sachs silver trader. Incidentally, concurrently with Mr. Maguire's revelation, he and his wife were hurt in a hit-and-run drive in London. Was this an accident? Mr. Maguire has documented evidence including phone recordings detailing his conversations with the CFTC in regard to a particular incident of silver manipulation in the London market. Incidentally, the CFTC did nothing about his revelation, when it was clearly illegal.

This news is huge. This news blows the lid off metals manipulation in a way that the CFTC cannot deny. Look out for precious metals prices to jump. More importantly, as revelations take place, the validity of 'paper' gold and silver' (ETF's) will be put into serious question. And as I have been saying for years, get out of ETF's that give no guarantee that physical gold actually backs the paper and get into real bullion. Here is a link to an interview with Andrew Maguire & Adrian Douglas (of GATA) hosted by King World News here: King World News

Here is a video of the part of the presentation done by Bill Murphy at the CFTC hearing:

Do you have real gold and silver bullion? Don't wait till prices skyrocket – contact me now. Remember, President Obama has stated that he wants more transparency in markets. This story of precious metals manipulation can not be kept quiet any longer!