Jason Hommel: A further warning to the CFTC


10:55a ET Friday, May 16, 2008

Dear Friend of GATA and Gold:

Silver Stock Report editor Jason Hommel has written an open letter to the acting chairman of the U.S. Commodities Futures Trading Commission in reply to the CFTC's latest report denying that the silver market is manipulated. Hommel's reply refutes two central assertions of the CFTC report and mentions GATA's work.

Hommel also notes that the acting chairman of the CFTC is a member of the President's Working Group on Financial Markets. You may recall that this agency meets only in private and keeps no minutes available to the public. Until such agencies conduct their business accountably in public, their denials of impropriety have little credibility; indeed, they are laughable.

You can read Hommel's reply, "A Further Warning to the CFTC," at GoldSeek's companion site, SilverSeek, here:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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