First Majestic Silver’s CEO Keith Neumeyer (who advised SD readers in a 2012 interview that “I am a TRIPLE DIGIT silver guy“) has just stepped to the plate as the first major player in the silver market to call out the CFTC on massive silver manipulation by commercials acting as speculators.
In an open letter to CFTC Chairman Timothy Massad, the CEO blasted the CFTC:
“Something is wrong with the price discovery process, since real producers and consumers of silver don’t appear to be represented…”
Neumeyer’s full letter to CFTC Chairman Timothy Massad (Yes, Gary Gensler is assisting Goldman in other ways now) is below:
Perhaps the CFTC will launch a 5th “Full Investigation” into silver market manipulation for the 5th time this decade???
We’re sure Massad will ask Bart to look into it…you know, for old times sake!