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Ted Butler urges CFTC to catch up with the latest CoT reports first
7:53p ET Monday, February 20, 2023
Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler today makes a compelling suggestion to the U.S. Commodity Futures Trading Commission: that to catch up with the weeks-long backlog in the commitment-of-trader reports in the commodity futures markets, the commission should begin with the most recent weeks, not the weeks whose reports have been delayed the longest.
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After all, Butler notes, the most recent reports are the ones with the information that is most valuable to traders.
Since he is a longtime critic of the CFTC, Butler doesn't expect the commission to heed his suggestion. But market observers probably will consider Butler's suggestion to be sensible and wonder why the commission would reject it.
One plausible explanation will be that the commission continues to abet the manipulation of the commodity futures markets, especially the monetary metals markets.
Butler's appeal is headlined "A Constructive Suggestion" and it's posted at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/constructive-suggestion-0
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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