Comment Text:
10-005
COMMENT
CL-02138
From:
Sent:
To:
Cc:
Subject:
Saints Investments - John
Thursday, April 8, 2010 1:23 AM
Metals Hearing
senator [email protected]; [email protected]
CFTC - Please stop the short-side manipulation in precious metals
Please stop the manipulative short selling that is being done by a few large US Banks. These banks,
including JP Morgan and HSBC have been systematically manipulating the precious metals market
since the mid to late 1980's. This continual shorting with vast amounts of money has damaged my
business over the last 30 + years. As a dealer in rare precious metals, these Banks have directly
damaged my business and continue to do so.
It was my understanding that the CFTC's job was to ensure a level and fair playing field, in which an
open and fair market can be conducted for the buying and selling of various commodities. The
commodities underlying my business, gold and silver, have been ruthlessly attacked continuously since
1988 by a few mega corporations. This monopoly manipulation is exactly the kind of thing the CFTC
should be preventing, and in this case STOPPING.
Please help, stop the unrestricted manipulative short selling.
John Kountz - General Manager
Saints Investments, ~NC
(Go/d, no counter party risk)
1-(888)-901-C01N (2646)
On the web:
http://www.saintsinvestments.com
Saints Investments, Inc
4580 Klahanie Dr SE
Suite #181
Issaquah, WA 98029
