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Write to Congress to protest monetary metals market manipulation
6:44p ET Sunday, December 15, 2013
Dear Friend of GATA and Gold:
Our friend Kasey Warner of West Virginia wrote the other day to his members of Congress to ask them to investigate manipulation of the monetary metals markets, which is something that can be done by every U.S. citizen who is invested in the monetary metals or wants the restoration of free markets in the United States. With his permission the text of Kasey's letter is appended, and you're free to use it whole or adapt it.
If you need help identifying your members of Congress or finding their postal addresses, visit the Project Vote Smart Internet site:
Please write to members of Congress only by regular U.S. mail; few members of Congress pay any attention to unsolicited e-mail.
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Of course be respectful and include your own postal address and telephone number. Most members of Congress will at least acknowledge real postal correspondence.
If you get any reply beyond a form letter, please let me know at CPowell@GATA.org.
Thanks for your help.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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SAMPLE LETTER TO MEMBERS OF CONGRESS
I have watched the precious metals market fairly closely for years. Knowing a little about the illegal aspects of market manipulation, I have become convinced that the U.S. government is involved in suppressing the price of gold, other precious metals, and various commodities.
The Bank Participation Report issued by the U.S. Commodity Futures Trading Commission shows that JPMorganChase has a long-side corner in gold and a short-side corner in silver on the New York Commodities Exchange. Because the government is doing nothing to stop this price suppression, I suspect that JPMorganChase is working closely with the government to suppress monetary metals prices. While I have my own suspicions about why this is happening and allowed, these corners and manipulations are wrong and illegal whether my suspicions are correct or not.
The CFTC is not doing its job.
The government is supposed to work for the people. If there are good reasons for not proceeding against JPMorganChase for monetary metals market manipulation, the people should at least be able to find out what these reasons are so we can invest appropriately.
Accordingly, I ask you to ensure that Congress exercises its oversight, gets anti-trust law enforced in the monetary metals markets, and requires the Federal Reserve and other government agencies to disclose all their records and activities related to the monetary metals markets.
I find the Gold Anti-Trust Action Committee (www.GATA.org) and market analyst Ted Butler (www.ButlerResearch.com) to be comprehensive and reliable sources of information about the monetary metals markets. They will be glad to provide you with whatever information you may need to accomplish the necessary changes.
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