Wednesday, May 26, 2010

My complaint against the CFTC was published

For the record - The CFTC actually published my complaint! about the silver manipulation.
 
 In the below text, I am listed as a complaintant to the CFTC, which is supposed to be the controlling authority on commodities trade in the US government but of course they are basically told what to do by their real owners, the ones who manipulate the market.  
 
To their credit, my complaint was published along with hundreds of others on the CFTC government website here --> http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/frcomment/10-005c022.pdf.  
 
The big question of course: Will the evil market manipulators ever listen to a government organization that is basically owns?  Probably not.  But they will listen to a physical shortage and resulting market crash in paper silver.  Looking forward to that day.
 
Cheers, Tate
 

Tate Ulsaker <arkbuilders_org@yahoo. com>

Tuesday, April 13, 2010 4:35 AM

Metals Hearing <metalshearing@CFTC.gov>

Position Limits on Precious Metals at COMEX

 

Dear Sir;

Thank you for asking for comments on the issue of position limits for

precious metals.

 

I am especially concerned about position limits in COMEX on silver held

by in concentrated hands of between 1 and 4 entities.

I believe that a fair level of contracts for any one entity to hold should

be no more than 1500 contracts because this amount is similiar to limits

placed on other commodities in terms of available market supply.

Please restrict any hedging exemptions from those limits to legitimate

hedgers.

 

Please stop the levels of concentration in COMEX silver futures by such

entities as JP Morgan and Goldman Sachs that have no reason to be

global giants of naked paper shorts other than to manipulate the market.

Please investigate and prosecute any illegal acts done by entities such as

JP Morgan and Goldman Sachs who have whistleblowers giving

us convincing proof of manipulation as if these companies have

been consistently acting above the law for many years already.

Please do you job for both the American people and all of the average

traders world-wide who wish to preserve the legitimacy and fairness of

the CFTC and COMEX.

 

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