Open Letter to the CFTC
posted on
Mar 10, 2010 10:10PM
SSO on the TSX, SSRI on the NASDAQ
bix weir writes to the commissioners of the cftc, and spells it out, chapter and verse. i hope we see at least some of this take place:
Dear Commissioners –
I am writing this letter in the hopes that the scheduled hearing on COMEX metal concentration limits is the REAL DEAL and not some “horse and pony show” designed to pacify angry gold and silver investors without making real changes. The COMEX gold and silver markets have been manipulated for far too long so any attempt to place a Bandaid on the problem and kick it down the road will be received with scorn and ridicule by those of us who know the truth.
I understand that you are receiving hundreds of letters from investors (as well as banker lobbyists) voicing their opinions prior to the March 25th hearing. I hope you plan on addressing the legitimate concerns in an open and honest forum such as at the public hearing or in a press release soon following the hearing.
It has been clear to most of us gold and silver investors that the CFTC does not have the expertise in-house to understand how the COMEX manipulations are carried out. I suggest that you request the presence and testimony of Ted Butler and Bill Murphy at this hearing as they have been on the front lines of this battle for much longer than you have. Why the CFTC hasn’t sought more of their input in the years before this historic meeting is beyond me but now is not the time to point fingers. Now is the time to bring in the experts.