Bix Weir on CFTC hearings - http://news.goldseek.com/GoldSeek/1263579480.php

So I was blown away at both the openness and deliberateness of discussing the gold and silver concentrations right off the bat and scheduling a hearing on the subject in March.

CFTC Chairman Gary Gensler in his opening statement:

“Separately, the Commission is interested in hearing from the public as to issues related to the trading of futures and options in the precious metals markets, such as silver and gold, and to consider the appropriateness of position limits in those markets. I hope to have a public meeting on this separate topic in the beginning of March.”

Not only did Chairman Gensler bring up the topic in his opening statement but so did our inside “good guy” Commissioner Bart Chilton:

CFTC Commissioner Bart Chilton in his opening statement:

“Finally, the proposal seeks comment from the public on the question of expanding position limits to the metals complex and to soft agricultural commodities. While I am pleased that this question is at least posited through the proposed rule, I am extremely disappointed that metals are not a part of this proposal as I have sought. In essence, failure to include a proposed rule relative to metals such as gold and silver prevents the inclusion of metals in the final rule covering position limits in energy. As a result of the omission, CFTC attorneys have opined that should the Commission wish to establish position limits in metals as a result of public comment, the agency would have to undertake an entirely separate rulemaking. I strongly support thoughtful position limits in the metals complex. I have advocated for their inclusion in this proposal with each of my colleagues and staff, and regret the lack of consensus that remains. It is my sincere hope and expectation that the upcoming hearing on position limits with regard to metals will enable us to move more expeditiously on a parallel regulatory process for metals.”

Make no mistake…if the metal position limits are discussed in the meeting set for March the cat will be out of the bag and the END OF GOLD AND SILVER MANIPULATION WILL ARRIVE!

Now here’s my take: GOLD AND SILVER MANIPULATION WILL NOT WAIT UNTIL MARCH BUT WILL END ANY DAY NOW!!!

The CFTC is setting up the metals meeting in March because they KNOW that the entire banking manipulation complex is about to come crashing down and they don’t want to take the blame. As a matter of fact, Bart Chilton’s angry out burst in the meeting aimed at CFTC staff has positioned him to take over the entire CFTC after the crash. He is the only one who adamantly wanted to address the metals during this meeting and not put it off for a month and a half. Watch his comments beginning 49:30 into the hearing: