Comment Text:
10-005
COMMENT
CL-02058
From:
Sent:
To:
Subject:
Charles Steinhacker
Thursday, April 8, 2010 8:52 AM
Metals Hearing
Position Limits in Gold and Silver
Dear Sir:
When disproportionate positions -- concentrated short positions -- are held by perhaps two banks and very likely just one
bank,
a bank with the closest connections to the U.S. Treasury Department and Federal Reserve Board, a bank whose connections
give it access to infinite money of the electronic and paper kind, the gold and especially silver market are being manipulated
on ~/o..r watch. An entity with access to infinite money can control
any
market. You can act to place position limits on a
manipulation that has gone on for many, many years or you can do nothing in which case you become part of the scheme.
You are there to regulate the markets in order to protect the public from manipulation. The world is watching to see what
you do.
Sincerely,
Charles Steinhacker
