"Mr. ......:

Your syndicated article in the Winnipeg Free Press of March 19th titled "Too good to be true" was very well written. You point out that investment fraud should be easy to spot and cite an article that underscores the fact that Canada is an easy target for investment fraud, that very few scammers get caught and that the penalties for those who do are little deterrent. How true!

Unfortunately you mention nothing of the fact that the biggest fraud culprits are totally ignored by our securities regulators.That is because the most criminal are the most powerful. Furthermore, it is a farce that our dealer conduct is self-regulated via IIROC. It is no secret that impact naked shorting of our markets is now epidemic in Canada, having grown significantly in the last few years. Blind eyes and deaf ears are all that thousands of complaints have received, with standard form letter replies from such as the OSC (Ontario Securities Commission). Many respected and knowledgeable experts have commented on these troublesome aspects of the Canadian markets for years, with extreme emphasis on the junior precious metals markets, with stocks on both Toronto and the Vancouver Exchanges.

Examples are too numerous to mention but I will use ECU-T as a prime one. ECU is typical of a gold/silver, advanced explorer and now producer, junior project that has much more resources than a few years ago, is in production, has huge exploratory upside and is trading at less than a third of what it traded at when gold and silver were less than half the price they are today. In fact ECU could well be one of the largest silver resources in the world. It is trading at less than $1, down from above $3 years ago. Too make matters more disingenuous, there is virtually no silver inventory left in the world and demand is growing faster than supply. Looking closely at the trading of this stock quickly reveals that criminal fraud, naked shorting and other tactics are afoot.

All the big banks, hedge funds and market makers are involved. Investors have been raped and management is helpless to take any action. ECU is simply one example. Knowledgeable investors are exhausted and extremely angry at these criminal "adventures" that enrich the large players and steal from the retail investors at will. Canada's reputation for integrity has faded as all this comes to the surface. These markets are, to say the least, not free trading. Tomes have been written about the obvious fraud in our JPM markets. World renowned Canadian experts such as John Embry and Eric Sprott have been public in their disbelief for years in the media. Organizations such as GATA and well known individuals such as Jim Sinclair, Ted Butler, Eric King and scores more make no secret of their dismay. Here are but a few....of hundreds recently available.

It is no secret that JPMorgan has been illegally concentrated short the silver markets for some time and that the CFTC in the US fails to address the problem. It is no secret that both gold and silver are in short supply...yet the JPM stocks and those such as ECU defy reality in reflecting those prices.

I don't expect any attentiveness by you on these matters but at least I have made one more pubic statement about the obvious fraud that affronts Canadian investors daily and besmirches Canadian integrity.

Eric Sprott : "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left.""

http://www.zerohedge.com/article/eric-sprott-there-no-more-silver-left....

“The games being played on the Canadian exchanges are disgraceful, almost as bad as the US futures markets..."

How to attack the “Naked Shorts” ....

http://www.jessescrossroadscafe.blogspot.com/

China TV reports great shortage of gold (GATA)

Submitted by cpowell on Tue, 2011-03-29 15:04. Section: Daily Dispatches