another smoking gun
posted on
May 26, 2009 10:54AM
SSO on the TSX, SSRI on the NASDAQ
ted butler doesn't expect much help from the cftc investigators. but here are you some addresses you can send his essay to:
I can see it now. Another round up of CFTC investigators, market surveillance staff and their economists to come up with some legitimate-sounding excuse as to why their new data isn’t another smoking gun proving manipulation. Anything to make it appear different than what it actually is, namely, more manipulative behavior by JPMorgan and their sidekicks. I have this image in my mind of countless CFTC meetings where the sole purpose is how to deflect the latest evidence of silver manipulation and do everything possible to avoid upholding the law.
And to those who persist in suggesting that the concentrated and manipulative short selling by the big shorts is somehow a legitimate hedge, let me ask this. How is it possible that the short concentration in gold and silver futures can run to record levels when all reports of hedging by the miners is shown to be at a decade low? What are they hedging?
Here are the addresses for the CFTC commissioners and staff, including the new chairman, Gary Gensler. Please write to him, but be polite, as he has only been on the job for a few days, unlike the others.