Comment Text:
The entire world witnessed blatant manipulation of gold and silver markets this week, yet the CFTC does nothing about it? You have no comments even?
Take silver... earlier this week, in a 30 minute span, there were sellers of 225 million equivalent paper ounces, in a market that in one year the silver miners only produce 800 million physical ounces. This happens on the same day that LTRO lends 800 billion euros by creating paper money out of thin air? Simultaneously, Bernanke mentions that maybe QE3 isn't coming? All coming on a day where technical indicators are showing breakout levels?
Why even have the CFTC if this type of trading is allowed?
DO YOUR JOBS! You're supposed to be an organization promoting fair trade, and free markets, yet the biggest players are allowed to create and sell an unlimited amount of silver that they don't own.
Announce an investigation, find out who dumped the invisible silver, and follow that by announcing t to the world who is responsible for this illegal activity.
Regards,
James Mackay
