by Chris Powell
GATA.org
Dear Friend of GATA and Gold (and Silver):
In an open letter to the acting chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, published tonight, Chris Marcus of Arcadia Economics asks for an explanation of a comment Behnam made on March 18 that seemed to applaud and implicate the commission in the suppression of silver futures prices.
Marcus tells Behnam: “In a video posted on March 18 from the International Futures Industry Conference —
https://www.youtube.com/watch?v=HSS3zkWYhaY&t=763s
— you made the following statement: ‘The resiliency and the market structure of the futures market was able to tamp down what could have been a much worse situation in the silver market.”