Re: write to the cftc
in response to
by
posted on
Oct 17, 2008 06:32PM
SSO on the TSX, SSRI on the NASDAQ
Could you post a sample letter that we could use, and adjust, in writing to the CFTC? I would like to help but do not want to just make vague comments about manipulation. I am not sure what type of letter would be appropriate, how much detail to go into, etc.
instead of posting my letter, these are the topics you'd want to cover. it doesn't matter how much detail you go into, because you will just receive a 2-line response saying the investigation is ongoing, they're hoping it will yield results, and they'll get back to you when they have some information.
are the huge short positions legitimate commercial transactions?
are they silver producers hedging their production, or bullion banks selling unlimited amounts of paper?
do the shorts have any capacity to obtain the physical silver they have shorted?
is there any economic reason the bullion banks should be short hundreds of millions of ounces of silver?
why are there short positions far in excess of the entire comex warehouse stocks?
why is there a limit of 7.5 million ounces on taking delivery of silver in a month?
why are the banks allowed to suppress the silver price far below the levels of the asian markets, or the free market price that silver bullion commands in auctions?
why are the banks allowed to manipulate the silver price to the detriment of the mining companies that have to sell their production at the spot price?
address commissioner chilton with those concerns or any others you can think of, and you'll be notified when they make their determination.