MAKE A DIFFERENCE
If you are tired of witnessing silver (and gold) continuing to be manipulated in price, here’s a no-cost action you can take that will only involve a few minutes of your time. There’s nothing to lose and quite a lot of potential good to be had.
The Commodity Futures Trading Commission (CFTC) is the taxpayer-funded federal commodities regulator whose main mission is to prevent and root out manipulation and protect the public. Four of the five commissioners have only been in office for six months and it’s not clear that they are even aware that silver has been manipulated in price on the COMEX. This is an issue they should be concerned about. Please take the time to copy and paste the enclosed letter and email it to the addresses listed. If you would prefer using your own name and not mine, you have my permission to do so.
U.S. citizens might also consider forwarding the same to your local congressional representatives and senators, asking them to send it on the CFTC, which will guarantee the agency will respond.
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
rbehnam@cftc.gov,
kjohnson@cftc.gov,
cgoldsmithromero@cftc.gov,
smersinger@cftc.gov,
cpham@cftc.gov
Dear Chairman Behnam and Commissioners,
The evidence has become overwhelming that the price of silver does not reflect developments in the physical world of supply and demand. There have developed physical shortages in both the retail and wholesale silver markets, accompanied by declining inventories. Nevertheless, the price has fallen. Increasingly, there has developed among the public a conviction that the culprit for this mispricing is trading by a handful of large traders in silver futures on the Commodities Exchange, Inc. (COMEX), owned and operated by the CME Group, Inc.
The Commission has considered the question of a silver price manipulation in the past. I would call on the Commission to explain why such large and concentrated dealings, particularly on the short side of COMEX silver futures, are not artificially depressing the price. I would also call on the Commission to end what many believe to be an ongoing price manipulation. Thanks for your consideration and attention to this matter.
Sincerely,
Theodore Butler
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