Font Size: AAA // Print // Bookmark

Comment for Sunshine Act Sunshine Act Meeting: March 25, 2010

  • From: Thomas J Dolan
    Organization(s):

    Comment No: 20780
    Date: 4/19/2010

    Comment Text:

    10-005
    COMMENT
    CL-00481
    From:
    Sent:
    To:
    Cc:
    Subject:
    Tom & Natasa Dolan
    Monday, April 19, 2010 4:29 AM
    Metals Hearing
    [email protected]
    My Recomendations based on the CFTC Meeting on 25Apr10
    1. I compliment the CFTC for holding the subject hearing, however as a silver & gold coin holder for over l0
    years (75% of my retirement money is in these coins), I fear it may be too little, too late unless substantial
    changes are made to the existing procedures regarding position limits and the concentration in silver and gold.
    2. I have worked long and hard to earn my retirement savings, now I am 80 years old and I see only that my
    retirement purchasing power is steadily declining substantially. For example, see graphs of
    Friday's (17 April), 24 hour spot silver and gold charts from Kitco. This is a common example of flagrant
    destuction of my retirement savings ( after 40 years in the aerospace & defense industry) which, for me is
    irreplaceable. Although it was "only" 1.6% down in gold and 2.7% down in silver (each within a period of
    less than 2 hours!). This timing is not indicative of mass selling throughout the day by the "little guys" but by
    the "big money" with one phone call!
    3. I AM BEING ROBBED IN BROAD DAYLIGHT AND NOBODY IS DOING ANYTHING ABOUT IT!!!
    4. I see the CFTC as my only hope to control this flagrant, criminal behavior. You are on the right path.
    Godspeed!!!
    Thomas J. Dolan, BSME, Illinois Institute of Technology, 1945, MSEA, Von Karman Institute for
    Experimental Aerodynamics, Brussells, Belgium, 1957, MSAE, University of Southern California, 1963.
    USAF single-engine jet pilot, FAA certified Aircraft Accident Investigator. Principal Engineer : Trisonic Wind
    Tunnel, NASA Apollo Command & Service Module, NASA Space Shuttle, NAA Sabreliner/T-39, Boeing
    767, USAF Rockwell B-1 Bomber, USAF Global Positioning Satellite System and NASA Space Station
    Modules.
    Thomas J. Dolan
    dolans 13 @gmail.com