Font Size: AAA // Print // Bookmark

Comment for Sunshine Act Sunshine Act Meeting: March 25, 2010

  • From: Giselbert Grohe
    Organization(s):

    Comment No: 20945
    Date: 4/13/2010

    Comment Text:

    10-005
    COIMMENT
    CL-00646
    From:
    Sent:
    To:
    Subject:
    Giselbert Grohe
    Tuesday, April 13, 2010 11:45 PM
    Metals Hearing
    JPMs and others' deceitful maipulations on silver(and also Au-) short positions
    Dear ladies and gentleman, my complaint concerning the above mentioned subject I have submitted already to Mr. Gensler
    and his fellow-colleagues of the CFTC-Board on Dec. 29th last year. If the board is unwillling to deliver this message to you,
    please let me know and I will send ist to you again as my contribution to the present precious metals hearing. My final
    question for today is: Are you aware what it means, that e.g. JPM alone is "operating" with a derivatives -mountain of 80
    trillion $, misusing a great part of these derivatives not for insurance purposes, but for deceitful manipulation e.g. of the Au
    and Ag market? Is your opinion that this means "trading"? Sincerely Giselbert Grohe, Frankfurt, Germany