PIRATES OF THE COMEX By Adrian Douglas

market on concerns that it is manipulated. This is being spearheaded by the Enforcement Division. They also undertook to investigate the gold market too. This is the third publicly announced investigation into manipulation of the silver market. The two prior investigations failed to uncover any evidence of manipulation of the silver market. The current investigation has been running for 6 months and according to Commissioner Bart Chilton it is making progress, whatever that might mean. The apparent lack of urgency and an investigation moving at the speed of molasses means that every day mining companies struggle for survival and investors struggle to remain invested, and traders and investors in precious metals are robbed by the Pirates of the COMEX. It is an outrage. For those of us who observe these markets in real time the signs of manipulation are obvious. If you drive a car everyday you will notice even the slightest vibration or change in engine noise that will alert you that something is not right. To apply the same analogy at the COMEX, somebody has stolen the wheels but after 6 months of looking it doesn’t appear that the expert mechanics have spotted the cause of the excessive vibration! I have delved into the CFTC’s own published data and it shows that there is clear manipulation of the gold and silver price going on and it also tells us who is doing it. The CFTC publishes two reports on a regular basis. The first is the Commitment of Traders report [1] which is published weekly and gives the long and short positions of the commodity markets grouped into three categories