I think it is best to let you read all the press releases on the hearings and let you judge for yourself.
I will put the entire hearings for you at the end of my commentary and you can see a nervous nelly (me) present and answer the CFTC's questions.
From Tyler Durden of Zero Hedge:
From the American Free Press, Pat Shannon:
The Gold Anti-Trust Action Committee (GATA) was formed in January 1999 to expose and oppose the manipulation and suppression of the price of gold. Its frustrated efforts to expose manipulation in the gold market parallel Harry Markopolos's seven-year quest to expose the Madoff ponzi scheme to the Securities and Exchange Commission.
What it has learned over the past 11 years is of great importance to the Commodity Futures Trading Commission's (CFTC) forthcoming hearings regarding position limits in the precious metals futures market.
GATA's chairman, William Murphy III, says, "GATA has evidence there are enormous physical short positions in the gold and silver markets that cannot be covered."
In a letter to CFTC Chairman Gary Gensler, a former partner at Goldman Sachs who once supported market deregulation now blamed for the recent financial meltdown, Murphy charged that GATA has collected reams of evidence "that Western central bank gold has long been mobilized and surreptitiously dishoarded to rig the gold market and influence related markets, and that this rigging has drawn upon the U.S. gold reserves."
He urged the CFTC to report on these markets and take appropriate action.
The CFTC is meeting as this newspaper goes to press on March 25 to establish position limits in the gold, silver and other precious metals markets. However, it could be none other than the CFTC's core banks and Gensler's former Goldman bosses that form the very core of the biggest market manipulation collusion syndicate in the history of the commodity markets.
From the German newspaper: Bourse GO;de
From MineWeb: Lawrence Willliams: