Write to Enforcement at CFTC
Everyone should write CFTC enforcement to put them on notice that you suspect they are turning a blind eye to the flagrant manipulation. Remember the effect that emails had on the original proposed bailout bill in the House - they killed it, albeit temporarily. If enough people write, our voice will be heard. More than this, those who have turned a blind eye will have no defence based on ignorance of the facts. Here’s the address.
Here’s the gist of a letter that I wrote a few weeks back. Use any idea or words from it that you’d like.
Dear Sir/Madam:
First of all, I don’t know you and don’t know what actions you might be taking. As an honest investor, it is easy to become frustrated when it is plain to even the casual observer that the COMEX price of gold and silver are being manipulated lower on a daily basis by purposeful shorts. It is my understanding that this is not what the COMEX is supposed to represent. At the retail level, physical metals are flying off the shelf and shortages are prevalent, yet the values of these metals continue to drop on the COMEX. This is not free market action. Eventually, the natural arbitrage being created will deplete the COMEX inventory and the free market will do your job for you - this, however, at the expense of further destruction of our free market system. The aforesaid manipulation on the COMEX is a travesty.
I suspect, with the growing socialistic trends of our government’s monetary policy (offered as salvation, of course), your office is being asked to look the other way. My father was an investigator for much of his career, and he was a man of high honor and integrity - so I know such men and women exist. The law in the United States is first and foremost our Constitution. If looking the other way is being asked of you, it is my hope that this note finds someone who will set the good of the country over pressures derived from unconstitutional mandates which betray the Public Trust and ignore the Good of the People.
If you’re worried there might be negative repercussions (highly unlikely) from sharing your honest opinions and concerns, isn’t that all the more reason to do it?
PM
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