Comment Text:
What does a good faith attempt to comply with the reporting requirements' mean? .....especially seeing as there is an ongoing INVESTIGATION INTO SILVER MANIPULATION. This CFTC release, the DAY BEFORE the smash on the silver and gold markets, allowed the banks to go beyond speculative position limits and effectively be given cover to go as unhedged short as they like. JPM apparently have 350 guys working on the ramifications of Dodd-Frank - imo clearly the class action lawsuit has them running for cover and they used their 'friends' at the CFTC to provide covering fire for them to try and exit as many shorts as possible before the (again delayed) speculative position limit changes come into play.
When is this going to be taken seriously and position limits established?
Thanks.
