Comment Text:
10-005
COMMENT
CL-01906
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rlaguard@comcast, net
Thursday, April 8, 2010 10:52 PM
Metals Hearing
re metals trade position limits
It has been estimated that JPMorgan Chase & Co. has held up to, and over, 90% of the
commercial short interest in silver futures contracts, essentially dumping silver on the market,
silver that does not exist, in an attempt to contain, thwart, suppress, and manipulate the price
of silver lower than it should be, and otherwise would be.
RE: The Sherman Act also makes it a crime to monopolize any part of interstate commerce.
An unlawful monopoly exists when only one firm controls the market for a product or service,
and it has obtained that market power, not because its product or service is superior to others,
but by suppressing competition with anticompetitive conduct.
