CFTC 'looking into' gold market as well as silver

10:20p ET Monday, October 13, 2008

Dear Friend of GATA and Gold:

Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission, who has been amazingly conscientious and cordial in correspondence with many GATA supporters, told two of them by e-mail today that the commission is not only investigating the silver market, which was announced on September 25 (http://www.gata.org/node/6672), but is "also
looking at other markets, including the gold market, as part of our ongoing efforts."

Since Chilton is associated with producing interests, farm interests (http://www.cftc.gov/aboutthecftc/commissioners/bchilton.html), he may be expected to be more skeptical of financial/manipulative interests than other CFTC commissioners. And since he is a member of the commission's Democratic minority, he may have less influence than commissioners allied with financial interests. But our side plainly has gotten his attention and that of his agency, and everyone who has agitated with the CFTC should feel good about that.

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

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