Silver News: Congress Has Serious Demands for the CFTC

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Written by Mike Hammer

If you’re a regular TGE reader, you know The Gold Enthusiast’s position on market manipulation.  Basically, it has happened, it is probably happening right now (on some scale), and will continue to happen until the enforcement agencies get serious about it.  This week a US Congressman wrote a letter to the CFTC (Commodities Futures Trading Commission) asking a very pointed question:

Why the CFTC didn’t uncover manipulation found by a separate Department of Justice (DOJ) probe at the same time? Don’t know about your world, but that could be seen as a proverbial slap in the face. Maybe the CFTC didn’t find it because they didn’t really look, or because they didn’t really want to find it – we don’t know. It will be interesting to see if any response from the CFTC is published.  The backstory makes for good reading, and it’s delightfully short and to the point.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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