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Congressman presses CFTC: Does it have jurisdiction over manipulative trading by government?
11:57a ET Saturday, April 25, 2020
Dear Friend of GATA and Gold:
U.S. Rep. Alex X. Mooney, R-West Virginia, is pressing the U.S. Commodity Futures Trading Commission to answer the critical questions about market manipulation the commission long has refused to answer lest it expose the U.S. government's rigging of the futures markets and especially the gold and silver futures markets.
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In a letter dated April 13 and made public this week, Mooney reminded the commission that it had evaded the key questions asked in his previous letter and that the questions are capable of yes-or-no answers:
1) Does the commission have jurisdiction over manipulative futures trading by the U.S. government or its brokers or agents or other governments?
2) Is the commission aware of futures trading by the U.S. government, its brokers, or agents?
Of course these are the questions that long should have been pressed on the commission by those who pose as financial journalists and market analysts. That the commission refuses to answer them would be big financial news in itself if there was any serious financial journalism.
GATA urges those market analysts who have been skeptical of our claims of surreptitious manipulation of the monetary metals markets by governments and particularly the U.S. government -- claims extensively documented here --
-- to put the two critical questions to the CFTC themselves and then report the commission's refusal to answer. No one has any authority to dispute gold and silver market manipulation without having attempted such research himself.
Mooney's new letter to the CFTC is here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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