Silver Price Manipulation Ending In November?

We are coming to the end of this silver price manipulation very soon, perhaps in November.

I will be buying every ounce of silver I can get from here on, and will not be selling except

special  orders from the mint drop shipped to my customers.

Paul  www.teapartysilver.com

OPEN LETTER TO THE CFTC

October 29, 2013

Commodities Futures Trading Commission
3 Lafayette Center
1155 21st St. NW Washington, DC 50581

Re: Illegal COMEX Price Setting

ATTN: CFTC Commissioners:

In a stunning admission last week at The Silver Summit in Spokane, Washington, CPM Group's President Jeffrey Christian, a long time opponent of silver market rigging claims, admitted that the price of silver was being illegally set on the COMEX trading floor. This admission came during his attempt to prove that there was no silver market manipulation taking place.

Christian's assertion was that the wild swings in the price of silver were not being caused by rogue market riggers but by multiple computer algorithms and High Frequency Trading programs firing at the same time in the COMEX silver exchange based on the same program triggers. Christian claims that the simultaneous nature of these trades spring from all trading houses using the same algorithms they learned in the same colleges. Trading volumes on the COMEX supports this assertion as the COMEX is on track to trade over 80B equivalent ounces of silver derivatives in 2013 which is 1,800x the amount of Registered Physical Silver in the COMEX inventories(44M oz).

Unfortunately for Christian and the CME, what he describes is an artificial price setting mechanism for silver in an exchange that is specifically regulated such that it does not "set" silver prices but rather is a "price discovery" exchange. What Christian describes is ILLEGAL and the CME Group who owns the COMEX should immediately shut down all HFT's and computer trading programs stopping this continued distortion of silver prices.

Regulating the futures and options markets such that they DO NOT set an artificial price of a commodity is specifically why the CFTC hires Economists to oversee the Silver derivative markets(futures and options are derivatives). Weighing the stable supply/demand dynamics of the silver industry(0-5% annual volatility range) against the volatile COMEX trading activity and price fluctuations(over 100% annual volatility swings) is the proof that the price of silver is being artificially determined by derivatives as Christian suggests.

The legal concept is fairly simple, the trading of futures and options should not be the overriding price influence in setting the price of any commodity as it does not reflect the true supply/demand dynamics of the underlying commodity being traded.

Jeffrey Christian is the leading authority on commodity derivatives with experience in advising the largest players in the paper/electronic silver space such as the IMF, World Gold Council, Central Banks, Bullion Banks and Global Mining Companies. Before CPM Group spun off from Goldman Sachs in the 1980's, Christian worked with Robert Rubin who advocated and developed Gold Leasing Programs for Central Banks and National Treasuries(although Germany is still trying to unwind their leased gold). In the 1990's Christian advised companies on how to properly hedge their gold production(although massive Billion dollar write downs were taken as the price of gold rose in the 2000's). Christian is currently leading the charge to restart miner hedging programs as he advocates hedging once again to offset the price volatility on the COMEX...

WAIT! This silver price volatility is caused, according to Christian, by multiple computer algorithms and High Frequency Trading programs firing at the same time and is NOT a freely traded price of silver!

Any hedging on false COMEX price discovery is an accident waiting to happen...AGAIN!

It is imperative that the CFTC investigate and stop such illegal price influencing actions on the COMEX as it is destroying the true price discovery mechanism for silver. Companies and individuals are making bad decisions based on faulty price data originating out of the COMEX.

Silver investors should demand an explanation from the CFTC and the CME as to Jeffrey Christian's claim that price fluctuations in silver are being initiated and caused by computer driven trading that artificially influences the "Fair Market Value" of silver.

I want to thank Jeffrey Christian for bringing this to the attention of all who attended the Silver Summit as it explains WHY the price of silver is so volatile in an underlying industry that should, by all accounts present at the Summit, be stable and predictable.

Sincerely,

Bix Weir
www.RoadtoRoota.com

You do NOT have to pay any fine for not signing up for Obamacare.

You do NOT have to comply with Obamarcare!

Posted By: Maryhrt [Send E-Mail]
Date: Tuesday, 8-Oct-2013 11:53:44

Don't be stupid and just automatically sign up voluntarily!! Maryhrt You do NOT have to comply with obamacare! TELL EVERYONE YOU KNOW!!! http://www.supremecourt.gov/opinions/11pdf/11-393c3a2.pdf   Read it for yourself on page 2 near the bottom! Page 2 NATIONAL FEDERATION OF INDEPENDENT BUSINESS v. SEBELIUS Syllabus Held: The judgment is affirmed in part and reversed in part. 2. Chief justice Roberts concluded in part III-A that the INDIVIDUAL MANDATE IS NOT A VALID EXERCISE of congress’s power under the commerce clause and the necessary and proper clause! This DESTROYS the individual mandate!! You don’t have to wonder why they didn’t report this on the LYING MAINSTREAM MEDIA!!!!!!! The "Individual Mandate" Is "Voluntary" and handled just like The "voluntary" income tax.. So, If you do not "voluntarily" sign up and give your "numbers" they are SOL. It would seem that if any money is withheld from your pay by your employer, you can file for a refund on the basis that what they withheld was not "income".... Actually, you should be able to demand that your employer take NOTHING out other than your normal taxes. After all, you "MUST" "voluntarily" file a w/h authorization for them to withhold anything at all.

The People Still Have the Power, IF They Know Their Power

Billboard advocating jury nullification concerns local prosecutors

This should be happening all over the country, and when it does, the bad law goes away.

You have to see this picture of the billboard that appeared in the Washington Post yesterday morning.

Our own Fully Informed Jury Association had a big hand in making this happen.

If the people just knew their power we could take this country back, and the prosecutors are frantic to stop this because it takes their power to enforce bad law away and hands it back to the people where it belongs.

http://www.washingtonpost.com/local/crime/metro-billboard-advocating-jury-nullification-concerns-local-prosecutors/2013/10/29/fe53edbc-3da9-11e3-a94f-b58017bfee6c_story.html

Jury nullification is one of the great safeguards against tyranny that our founders put in our supreme law, The US Constitution.  Read more at  www.juryrights.info

You have 4 votes in the system.  The voting booth, the grand jury, the trial jury, and the cartridge box.

By using the first three, maybe we can avoid having to use that last one.

Go to the following links on this blog to get the full information on how to stop runaway government using your jury rights.

http://www.paulstramer.net/2009/12/juries-can-stop-runaway-government-you.html

http://www.paulstramer.net/2009/12/grand-jury-solution-to-government.html

http://www.paulstramer.net/2009/12/grand-jury-idea-whose-time-has-come.html

http://www.paulstramer.net/2012/10/major-victory-for-jury-nullification.html

When the people wake up and realize their power the bad laws get nullified and eventually, like the alcohol prohibition laws, they will get taken off the books. The government goons know this, and that is why they try to discredit juries at every turn. They want the judges to hear and decide all the cases. Many judges have been bought and paid for by corrupt government.

YOU HAVE THE POWER to stop this when you are on a jury.