PDA

View Full Version : CFTC invites GATA to speak at March 25 hearing on metals trading



LETMYSILVERGO
14th March 2010, 23:40
http://news.goldseek.com/GATA/1268636400.php

THIS IS GOOD !!!!!!!!!!!!!!!!!!!!!!!


Disclaimer

Latest Headlines

CFTC invites GATA to speak at March 25 hearing on metals trading
By: Chris Powell, Secretary/Treasurer, GATA

MSNBC -- Lehman Brothers ($50B repo fraud), Sptizer and Dylan [Video]
By: MSNBC

Where We’ve Been…And Maybe Where We’re Going
By: David N. Vaughn, Gold Letter, Inc.

Reversal Day a Rare Delight for Bears
By: Rick Ackerman, Rick's Picks

GoldSeek.com Radio: Kevin Kerr, Peter Schiff, The International Forecaster, and your host Chris Waltzek
By: radio.GoldSeek.com

Is A Major Correction To The Gold Price Coming?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

Redemption
By: Warren Bevan

Will Chinese Inflation Hike Oil And Gold Prices Back Up?
By: Peter J. Cooper

International Forecaster March 2010 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster

The Implications of Velocity
By: John Mauldin, Millennium Wave Advisors


Search

GoldSeek Web




CFTC invites GATA to speak at March 25 hearing on metals trading

By: Chris Powell, Secretary/Treasurer, GATA


-- Posted Monday, 15 March 2010 | Digg This ArticleDigg It! | Share this article | Source: GoldSeek.com

Dear Friend of GATA and Gold (and Silver):

GATA Chairman Bill Murphy was formally invited Friday by the U.S. Commodity Futures Trading Commission to speak at its meeting in Washington on Thursday, March 25, to examine futures and options trading in the precious and base metals markets.

The CFTC's announcement of the hearing can be found here:

http://www.cftc.gov/newsroom/generalpressreleases/2010/pr5782-10.html

GATA's appeal to the CFTC on position limits in the precious metals futures markets can be found here:

http://www.gata.org/node/8405

The CFTC's invitation results from GATA's long prodding of the commission to investigate the anomalies of the precious metals markets, particularly the concentrated short positions held by JPMorgan Chase & Co. and HSBC, and from the prodding done by dozens of GATA supporters who have heeded GATA's requests to contact the commission. The CFTC's hearing likely will be the first time the gold and silver price suppression schemes have been raised at a formal and open U.S. government proceeding.

The CFTC says its hearing will be open to the public and broadcast via the Internet and a listen-only conference call.

GATA has put great effort and expense into reaching the CFTC on this issue and into suing the Federal Reserve in federal court for information the Fed acknowledges concealing about its gold swap agreements with foreign banks, agreements that likely are at the heart of the gold price suppression scheme.

Information about GATA's lawsuit can be found here:

http://www.gata.org/node/8192

We're making good progress, actually doing things to liberate the gold and silver markets, even as the gold mining industry's nominal representative, the World Gold Council, remains silent about anything that really matters to the precious metals despite its annual budget of around $60 million. So again we ask for your financial support. Sending a small delegation to the CFTC hearing will cost money, as will getting the attention of the news media there. Prosecuting the lawsuit against the Fed will cost money. And quite apart from that, much effort and expense go into keeping the precious metals price suppression issue alive every day.

Since they are so vulnerable to their governments (for mining and environmental permits) and their banks (mining being the most capital-intensive business), even mining companies that recognize the gold and silver price suppression scheme are reluctant to support an organization such as GATA that seeks to make trouble for governments and banks. That may explain the World Gold Council's uselessness. For the most part that leaves our cause up to individuals. So if you're inclined to help financially, please visit:

ThreeNinesFine
15th March 2010, 08:05
That's the best news I've heard yet regarding this hearing. We now know that it won't be a total sham. I hope they invite Ted Butler for a 1-2 punch. I want to know who is going to speak on behalf of the bullion banks and what are they going to argue? "Uhhh, yea we've sold 300+ million ounces of silver that doesn't exist, but no, that is not manipulative. So what if we just so happen to pile on 25 million ounces in one week?"

silverheartbone
15th March 2010, 08:34
Gary Gensler spent 18 years at Goldman Sachs, making partner when he was 30, becoming head of the company’s fixed income and currency trading operations in Tokyo by the mid-’90s, and eventually the company’s co-head of finance.

This will be a good SHOW.

THEIR THEFT WILL CONTINUE.

ThreeNinesFine
15th March 2010, 09:51
Gary Gensler spent 18 years at Goldman Sachs, making partner when he was 30, becoming head of the company’s fixed income and currency trading operations in Tokyo by the mid-’90s, and eventually the company’s co-head of finance.

This will be a good SHOW.

THEIR THEFT WILL CONTINUE.

I still believe that the Goldman Gang has already backed up the truck for metals. No way are they going to be left in the dust after a big rally in gold and silver prices.

Mighty Moose
15th March 2010, 10:55
Things are going to have to get desperately out of control in the U.S. economy before the cabal of money changers & its government enablers are unable or unwilling to affect the price of silver & gold, anymore.

Coincidentally or not, this will all manifest by the FALL of 2010 in a way that will prove undeniable even to the most ignorant of fools. They will not let you have what your gold & silver should be worth, until it will be too late for most to have any kind of chance of financial survival. There will be countless casualties before any proper payout on gold & silver is finally relinquished.