[kleptocrats news] Oil price rigging

Rob Kirby: Oil price rigging is as official as gold price rigging

Submitted by cpowell on Tue, 2009-06-30 01:39. Section: Daily Dispatches

9:34p ET Monday, June 29, 2009

Dear Friend of GATA and Gold:

Market analyst Rob Kirby of Kirby Analytics in Toronto, a GATA consultant, observes today in commentary posted at Financial Sense that the manipulation of the oil market by the U.S. government is as much a matter of public record as the rigging of the gold market. But Kirby cites a recent Canadian television interview with Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission to show that government officials typically are ready to cry "manipulation" only when commodity prices are rising, not when they're falling. Kirby's commentary is headlined "Stop the Ponzimonium (and Pawns-a-monium)" and you can find it at Financial Sense here:

http://www.financialsense.com/Market/kirby/2009/0629.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.