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Ed Steer: Write to the CFTC's inspector general

Section: Daily Dispatches

10:30p ET Thursday, May 22, 2008

Dear Friend of GATA and Gold (and Silver):

I have read Ted Butler's rebuttal to the report of the U.S. Commodity Futures Trading Commission that claims that the silver market is not manipulated and that the concentrated short position of the "eight or less" traders in the commercial category of the commitment of traders report means nothing.

Of course we all know that's nonsense, but what did you expect the CFTC to say?

It would be an excellent if all GATA supporters copied Butler's commentary and his letter to the CFTC's inspector general, which can be found at SilverSeek and 24hGold here --

-- and sent them to the inspector general, A. Roy Lavik. He can be reached at and here:

A. Roy Lavik, Inspector General
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St. N.W.
Washington, D.C. 20581

You can add your own commentary in your covering note, which is what I did moments before writing this. But if you write to Lavik, please be polite.

The silver and gold miners, the Silver Institute, and the World Gold Council will do nothing, so we have to do it ourselves.

Please take five minutes and donate it to a worthy cause: your own best interests.

ED STEER, Member
Board of Directors
Gold Anti-Trust Action Committee Inc.

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