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Comment for Proposed Rule 75 FR 76706

  • From: Mark Soderberg
    member of the Inland Empire Investment Club,
    Riverside County, CA

    Comment No: 26804
    Date: 12/28/2010

    Comment Text:

    Well… I saw this comment from the famous Silver analyst, Ted Butler.....

    “While I understand Commissioner Chilton's reluctance to be openly adversarial to the CME over the issue of [silver] position limits, the CFTC's attempts to work co-operatively with the CME have yielded nothing to date. The CME has been working overtime to undermine position limits. That must be stopped. My advice to Chilton is not to bring a knife to a gunfight. It is time to lower the hammer on these SOB's. And this continuing worry... that trading will migrate to other exchanges if legitimate silver position limits are established... is pure nonsense. Let the short silver crooks go wherever they want to go; no one will follow them. Legitimate traders want to operate on legitimate exchanges and in legitimate markets. The only thing the regulators must do is to insure that the crooks dealing on foreign markets can't link their crooked trades back to our markets.”

    Mr. Ted Butler has a knack for telling it like it is.....our entire group suggests you guys do the right thing and eliminate the perverse interference with the "FREE" silver market, by the CME, N O W !!!!!!

    signed.....One of 43 members of an investment club that want's honesty put back into the markets !!!

    Mark Soderberg (Riverside County, CA)

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