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Comment for Proposed Rule 76 FR 4752

  • From: Jeffrey M. Petsinger
    Organization(s):
    Private Citizen

    Comment No: 33471
    Date: 3/28/2011

    Comment Text:

    I am writing to you to encourage the establishment of legitimate and effective position limits on commodities derivatives. I am a private citizen trying to preserve some of my wealth in the face of the rapid destruction of the American dollar. It is unfair and illegal for several large banks to manipulate the gold and silver markets through the use of large short positions. Their actions are obvious to everyone, and I am sure they are obvious to the CFTC. As physical gold and silver are snatched up, those positions will become impossible to maintain. The people responsible for regulating this market will be held accountable, and it is up to you to determine if your good names will be associated with an effort to do the right thing, or if you gone down in history as part of the effort to defraud the American public. The mess we are currently in may not be your mess, but you will make it yours if you don't act to correct this situation.

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