Comment Text:
10-005
COMMENT
CL-02491
From:
Sent:
To:
Subject:
ethan rhodes
Tuesday, March 30, 2010 9:00 PM
Metals Hearing
End the fraud!
Greetings!
Two things for the cftc to do to better regulate the precious metals markets -
1. Limit large traders to 10% of open interest.
2. Bona fide hedgers who are given exemptions should have 100% metal in the warehouse for positions
beyond 10% of the open interest.
What will these regulations do to the market?
1. The large shorts will cover and prices will explode to the upside which in turn will
2. Create massive more liquidity as new investors enter the market
THANK YOU
