Comment Text:
Gentlemen:
The manipulation of the silver market by JPM and HSBC is well known and publicly identified by the lawsuits in that regard. The manipulation in gold is evident as well.
The only matter not evident is whether the CFTC will fulfill its mandate in insuring free
and open markets without manipulation. This has been ongoing for years with even
members of the CFTC acknowledging such manipulation.
I don't believe it should be to much to ask for you to fulfill your obligations in this regard
by instituting limits and/or other measures to eliminate such manipulations. By allowing
this to continue the CFTC is effectively favoring one entity over all others as well as
the public and national best interests.
Sincerely,
Larry Cook
