Comment Text:
10-005
COMMENT
CL-02473
From:
Sent:
To:
Subject:
secretary
Thursday, April 1, 2010 11:34 AM
Metals Hearing
FW: Gold/Silver Market Scandal Exposed
From:
Heinz Lycklama [mailto:[email protected]]
Sent:
Thursday, April 01, 2010 11:17 AM
To:
Gensler, Gary
Cc:
Walter Lukken; Obie, Stephen J.; secretary; Lavik, A. Roy; R Schaeffer; Stowe, Natise L.; Dunn, Michael;
[email protected]; Sommers, Jill; Jamie Dimon; Dean Payton; Ryall, Christine; Chilton, Bart; Eric Thorson;
Gensler, Gary; O'Malia, Scott; Berkovitz, Dan M; ShiEs, Richard A.; Maria Cantwell; Rick Larsen; Patty Murray;
Patty Murray
Subject:
Gold/Silver Market Scandal Exposed
Mr. Gensler,
The recent CFTC hearing on setting position limits in the futures
market for gold and silver brought to light the ongoing manipulation of the
prices of gold and silver by a few large banks. Participants at the hearing
provided ample evidence of the manipulation. Subsequent events have
confirmed this manipulation. The hearing also shed light on the other
alleged shenanigans going on in this market. As an individual investor
in this market I am very concerned that the CFTC does not appear to
be protecting individual investors from these developments. The latest
story in the Huntington Post captures the problems quite well:
http://www.huffingtonpost.com/nathan-lewis/its-ponzimonium-in-the-qo b 519893.html
The CFTC is sworn to provide fair and transparent markets for
the precious metals. Please take steps to clean up the problems
in the markets that the CFTC is responsible for before we have
another Madoff blowup in the financial markets.
Thanks for listening.
Heinz
Heinz Lycklama
17818 Oxford Dr.
Arlington, WA 98223
Ph/Fx: 360-403-7445/6
Cell:
425-501-5075
Email: [email protected]
URL:
www.osta.com
