Concentrated shorts proven to suppress gold and silver

Section:

9:05p ET Friday, March 27, 2009

Dear Friend of GATA and Gold (and Silver):

GATA Board of Directors member Adrian Douglas, editor of the Market Force Analysis letter (http://www.marketforceanalysis.com/), has combined data from the U.S. Commodity Futures Trading Commission and the Office of the Comptroller of the Currency to show that the suppression of the prices of gold and silver in the last several years correlates exactly with the growing concentration of the short positions held by two U.S. banks, JPMorgan Chase and HSBC.

Short of the official admissions of the gold price suppression scheme collected and published by GATA over the years, Douglas' report is probably the best proof yet, and certainly the most detailed. Douglas' report is titled "Pirates of the COMEX" and you can find it in PDF format at GATA's Internet site here:

http://www.gata.org/files/PIRATES-OF-THE-COMEX.pdf

GATA's supporters may be wearying of our many similar requests, but only persistence pays off, so we ask you to print copies of Douglas' report and send them -- by regular mail, not e-mail, which is ignored -- to your U.S. senators and representatives with a covering letter requesting an explanation as to why nothing is being done to stop this market manipulation. For our friends outside the United States, please send copies with similar letters to your own national legislators.

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

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PIRATES-OF-THE-COMEX.pdf65.3 KB