Silver Wildcats – And The Day Futures Died – Part 1

From Legends to Bankers Yes, there has always been price manipulation.
There will always be price manipulation.
From the time of Caesar, through the American Civil War and into the 20th and 21st centuries.
Equities, interest rates, bonds, currencies, and futures.
From wheat to silver, the Maine potato default, and the onion debacle, futures trading has been subject to all manner of interference.
The technology has changed over time. From carrier pigeons, the telegraph, the telephone, or today’s laser-assisted high frequency trading algorithms – the strategies and tactics remain.
No commodity has been spared.
A long list of colorful characters litter the landscape.
Legends like Jesse Livermore, Jay Gould, King Jack Sturges, Ed Parker and The Chicago Bear Ring, or The Wheat Kings of Chicago to name a few.
From J. Pierpont’s ‘Goldroom Manipulation’ at the turn of the 20th century, to the modern day equivalent of the massive commercial bank silver short.

This post was published at Silver-Coin-Investor on Jun 16, 2016.