Comment Text:
Hello,
*** Supposedly hedge funds can reap a 20% premium in lieu of delivery. That's all one needs to know. ***
Please:
+ Institute and enforce a max position limit of 150% of trailing 12 months of “Issued” or “Stopped” warehouse activity on all futures contracts. With a minimum of 1% of open interest, and maximum 5% of open interest. NO exceptions.
+ Set margins to 90% of trailing 6 month maximum daily price range of each futures contract, no exceptions, updated every night.
Then there is no room for any manipulation, and everyone has a knowable and level playing field.
The longer the fraudulent imbalance is allowed to grow, the bigger the final blow up.
Sincerely,
Market Curiosity
Trader
