FOIA request into CFTC silver manipulation investigation

I am a big fan of the website Reddit. It as an aggregator website where fellow Redditors post news, stories and pics in different categories or sub-reddits.
Yesterday I posted a story from Silverdoctors entitled LEGAL OUTLINE FOR SUIT AGAINST CFTC FOR FAILING TO COMPLETE INVESTIGATION ON SILVER MANIPULATION.

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After posting this story in Reddit and to cut a long story short, smurfmaster (I don’t think he owns any smurfs) has submitted a FOIA request based on my following comments:

“In September of 2008, the Commission announced the existence of an enforcement investigation into the possibility of unlawful acts in silver markets. Since that time, the staff has analyzed over 100,000 documents and interviewed dozens of witnesses and obtained expert advice. It has been a long, detailed, and thorough investigation. Please could you provide the report for said investigation and prevelant documents leading the CFTC to drop the investigation into silver manipulation”

I am a massive believer that the paper market for gold and silver is fraudulently controlled to suppress the price, the same applies to almost all commodities. There is a huge disconnect between the physical and the paper markets (there is talk that the metals markets are leveraged a 100:1, 1 ounce of physical to every 100 ounce of paper). The recent drop in gold, as well as in silver, is caused when financial entities dump these paper assets (or short like JP Morgan in the silver market) onto the market reducing the price, quite substantially. Speculating does not lead to efficient markets, it leads to massive inefficiencies, disconnects and ultimately it effects peoples ability to survive.

I will put together an article as to why I think this in the near future but hopefully should hear back in the next month on this FOiA request.

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