Please spread the word...from Jason Hommel
posted on
Mar 25, 2010 12:37AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Dear Reader,
Here is the link to the CFTC hearing webcast for March 25th, Thursday, 9am Eastern to 3pm:
http://www.capitolconnection.net/capcon/cftc/032510/CFTCwebcast.htm
The CFTC is asking for comments from the public about the issue of position limits to limit excessive speculation (fraud) in the futures markets. They want to hear from the public until April 30th. Please send your comments to:
Written materials should be mailed to the Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st Street, N.W., Washington, DC, 20581, attention Office of the Secretariat; transmitted by facsimile at 202-418-5521; or transmitted electronically to metalshearing@cftc.gov. Reference should be made to "metals position limits."
If you don't know what to say, please re-read my latest commentary:
Metals Position Limits
http://silverstockreport.com/2010/cftc-letter.html
Here is what the best silver researcher and expositor of silver in history had to say:
wow! Your March 23 release shows why you're frequently cited as the best in the PM community. I want to re-read it twice in the AM. Best, Charles Savoie
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A few people, including Bart Chilton, have again asked about motive. "Why would anyone want to keep precious metals prices down?"
GATA explains why the government admits it would be good policy:
http://gata.org/node/8462
In sum, by keeping precious metals prices down, they can keep interest rates down, and strengthen the dollar.
In math terms, since the dollar exists, they can print up $3 trillion per year to fill the deficit, by faking out the bond market, with artificially low interest rates. That's $3000 billion.
By contrast, the entire world's annual gold output is $80 billion, and the entire world's annual silver mine output is $11 billion. By keeping metals prices low, and manipulated, they keep the currency alive. With the currency still viable, they earn far more than stealing many times the world's gold mine output, in terms of value.