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.