silver flash crash note to gensler and chilton, page-4

The CME are charged with running an orderly market but they have allowed silver to fall 37.5% in the space of two weeks.

Complaints that the market was overheated in the first place dont cut any ice. Responsibility of the silver shortage and market stress lay fairly and squarely at the feet of those who allowed JPM and HSBC to run obscene short positions for years.

A responsible and honest market operator and regulator would establish predictive margins rather than the laissez-faire approach causing so much alarm.

Buckle up, it can only get more intense.