Jim’s Mailbox

Posted at 9:34 AM (CST) by & filed under Jim's Mailbox.


Who does the CFTC think they should respond to if not a Representative?


GATA is like a dog on the mailman’s leg!


Congressman Keeps Pressing Treasury, CFTC About Gold Market Rigging
September 10, 2019

Dear Friend of GATA and Gold:

U.S. Rep. Alex X. Mooney, R-West Virginia, is continuing his efforts to get answers from the U.S. Treasury Department, Federal Reserve, and Commodity Futures Trading Commission about surreptitious interventions by the U.S. government in the financial and commodity markets and particularly the gold and silver markets.

Mooney’s efforts began with letters sent to the Federal Reserve chairman and treasury secretary in April 2018:


In July 2018 the Fed and Treasury responded to Mooney but only incompletely, the Fed denying that it was trading in gold but refusing to say whether it is trading in other markets, the Treasury giving a partial denial of gold trading but failing to answer about the government’s policy toward gold:


In February this year Mooney asked the CFTC, as GATA already had done, if it has jurisdiction over manipulative trading undertaken by the U.S. government or brokers acting for the U.S. government, or if such manipulative trading is authorized by federal law:


The CFTC has never responded to GATA or to Mooney.