Comment Text:
I am a married 72-year old retiree living on Social Security and whatever I can draw from a volatile IRA, essentially a fixed income. Stable prices for basic commodities are important to my financial security, as well for so many others.
Therefore, please curb excessive gambling in commodities markets like food and oil that significantly contribute to today’s highly volatile commodity prices. We know that excessive speculation is partially responsible, as shown in dozens of studies by respected institutions such as Princeton, MIT, Petersen Institute, University of London, Yale, the United Nations and the U.S. Senate.
With families struggling and unemployment still a major problem, curbing speculation would really help those who need it most .
Please put in place effective position limits rules, and do not allow them to be undermined by exemptions or exceptions, or allow Wall Street gamblers to escape them!
Thank you.
