Comment Text:
10-005
COMMENT
CL-02449
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jimsuard @dslextreme.com
Friday, April 2, 2010 10:28 AM
Metals Hearing
"Hedging"
So, J P Morgan has a huge short gold position.
Gold rises.
J P M then "hedges" this by going more hugely short.
Individuals are stopped out of their long positions.
The CFTC sees this as "hedging"; not manipulation.
Jim Suard
818 953 9945
