Investigation By CFTC

I have provided some links at the end of the petition that shows a small portion of the evidence of manipulation and possible fraud. You can find many more by doing a Google search for CFTC GATA

Why this petition and why you should care:

In the United States it seems the large banks, and possibly the Federal Reserve, with the blessing of the U.S. Treasury have manipulated our futures markets! This petition has one purpose, to get the U.S. Commodities Futures Trading Commission to do their job and insure a fair and equal market free of manipulation and fraud. Ted Butler has been telling the CFTC for more than 20 years about the manipulation by JP Morgan Chase on COMEX. Bill Murphy and Chris Powel of GATA have warned CFTC for 11 years. Both have presented evidence of manipulation and possible fraud in silver and gold futures at COMEX nothing has been done. To top it off they have an insider (floor trader), whistle blower, Andrew McGuire who says JP Morgan is manipulating the market. There is a possibility that the Federal Reserve and US Treasury are involved in manipulating the options/futures markets using JP Morgan as their agent. If this is true; we want it stopped and want our free markets back.

Please take your time and research this and sign it. This could be the largest fraud and manipulation of U.S markets in history. Any culprits involved in this need to be found, and ferreted out. If you care for free and equal markets you should care about this. This is simply shocking, that for 20 years complaints have been sent to the CFTC, and nothing has been done.

Petition to the Chairman and Commissioners of the CFTC:

Commodity Futures Trading Commission
Office of Public Affairs
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

A copy of the petition will be sent, with all signatures - via certified mail on CD to the following!
*Chairman Gary Gensler
*Commissioner Michael Dunn
*Commissioner Jill E. Sommers
*Commissioner Bart Chilton
*Commissioner Scott D. O'Malia

You have taken an oath to uphold the responsibilities of your said office. Part of your job is to insure that there is no fraud or manipulation in the futures/options market. In fact you can find this information at your website, http://www.cftc.gov/About/MissionResponsibilities/index.htm. As sworn in Commissioners we compel you to do the job you have sworn an oath to do. Failure to fully investigate this and give some type of public report of progress within 60 days of receiving it, will result in this writer filing a complaint in local court where your offices are.

As an investor what chance do we have taking a long options position in silver or gold? Just before expiration, JP Morgan comes in and sells as many short positions as it deems necessary to take the price lower until JP Morgan is satisfied, and we lose money. Looks like manipulation to us (undersigned). You have sworn an oath when you took office as Commissioners to oversee the futures and options as outlined in your mission statement. If you find JP Morgan is doing this, and intend to do nothing about it, you could at least have a disclosure statement that all must read prior to buying an option Prices are managed by Federal Reserve, U.S. Treasury and JP Morgan or whomever the parties involved are. That way the small investor knows what they are in for, if taking out a long position.

My fear is that you will put position limits (lets say 1,500 contracts) on silver, and JP Morgan will continue to manipulate the market. JP Morgan could still manipulate by having other firms take out as many contracts as necessary to drive the price of silver lower. So if you do come up with contract limits, wording needs to be added about them not being allowed to ask others to take out positions on their behalf. I can only hope you fix this so we have a level playing field for gold and silver investors.

I and those that signed this petition can now only pray you do the right and honest thing. Investigate fully and make a public report within 60 days of receiving this of your progress. If any manipulation is found occurring, include what steps have been taken to remedy the situation. You have taken an oath when sworn in as Commissioners, and we ask you to stand bravely, do your job. A difficult task if these allegations are true! Taking on JP Morgan and possibly the Federal Reserve or US Treasury is a daunting, formidable task. It seems the large bankers have taken over our markets and financial system. Failure to investigate this will force me on behalf of the signers of this petition to file a complaint in court, of your failure to follow through on your oath of office.

I want to give special thanks to GATA, Ted Butler and Andrew McGuire for their sacrifices to insure honest markets in gold and silver. There are many more that have put a lot of effort into this, and we thank you all.

Please take the time to sign the petition and leave Comments:

Research Links:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_\%26_Adrian_Douglass.html

http://www.dgcmagazine.com/dp/

http://www.silverbearcafe.com/private/04.10/ponzimonium.html

http://www.popfinancing.com.cn/gupiao/zixun/201004/08-14270.html

http://www.gata.org/node/8532

http://silverstockreport.com/2010/doj.html
http://www.silverbearcafe.com/private/04.10/signposts.html

http://www.radio.goldseek.com/players/turkplayer04.07.10.php

http://news.silverseek.com/SilverSeek/1270647063.php

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/4/7_Andrew_Maguire_\%26_Adrian_Douglas.html

http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=18420

http://www.thedailybell.com/940/GATA-William-Murphy-Explains-CFTC-Hearing-Andrew-Macguire-Whistleblower-Statements.html

http://www.goldseitenblog.com/peter_boehringer/index.php/2010/04/03/zensur-der-goldsilber-manipulation-im-ma

http://news.goldseek.com/GoldSeek/1270188480.php
http://watch.bnn.ca/#clip283224

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=101525&sn=Detail&pid=92730