Comment Text:
10-005
COMMENT
CL-02143
From:
Sent:
To:
Subject:
William Froemming
Thursday, April 8, 2010 12:32 AM
Metals Heating
CFTC Heating on Metals Position Limits
Dear Sirs/Madams;
Thank for the opportunity to comment on the issue of position limits for precious metals. I
watched closely the proceedings and was impressed by the depth of questioning offered by the
commisioners.
I am disturbed by the information provided by Bill Murphy of GATA, provided to him by Andrew
Maguire. If what he says is true, and the CFTCwas contacted regarding the events of Feb 5th, you
need to explain to the public why NOTHING was done.
The probability of the actions in the metals markets in recent times being market driven is highly
unlikely fora number of reasons. Iam of firm belief that no new regulations need be passed, but
simply that the commision executes it's chartered duties to PREVENT and DESTROY examples of
market manipulation. If this is done properly, completely and consistently, no position limits are
even necessary.
Please take the appropriate actions to remove these market manipulation schemes. If they are
related to internal government policy, then policy needs to change and that can all start in the
offices of the CFTC. The truth CAN set us free.
Sincerely,
William Froemming
[email protected]
