Comment Text:
10-005
COMMENT
CL-00605
From:
Sent:
To:
Subject:
[email protected]
Wednesday, April 14, 2010 5:49 PM
Metals Hearing
Please stop the precious metals fraud & crime in process
I could just copy other reports in this email and have this email be a duplicate of what you are undoubtedly
receiving from many others; but I see no point in that. You KNOW the issues. It is not right. Please stop the
fraud going on with JP Morgan and the massive short position on gold & silver.
There is no legitimate reason why JP Morgan, or any bank, should be allowed to have the continual short
position in these metals anywhere near the size that they hold. Furthermore any arguments that this is a
legitimate position from mining customers evaporated when Barrick eliminated their forward sales or hedge
book.
The CFTC and other government agencies are set up to protect investors and citizens of this kind of fraud.
You know what needs to be done, please act.
Dave Trungale
