Friday, July 23, 2010

Personal Communication From The CFTC's Commissioner Bart Chilton In Regards To The Silver Market

From: BChilton@CFTC.gov
To: bryanblumenfeld@hotmail.com
Date: Thu, 22 Jul 2010 19:24:55 -0400
Subject: RE: Thank you kindly for your response

Our web site will be posting a place for comments soon. In fact, they may have a general place now to comment. But keep looking for it there. I will also try to alert folks when we put out a rule, but I’d hate to have anyone rely on me for that communication in case it gets messed up somehow, but I will try.
B


From: Bryan Blumenfeld [mailto:bryanblumenfeld@hotmail.com]
Sent: Thursday, July 22, 2010 5:46 PM
To: Chilton, Bart
Subject: Thank you kindly for your response



Dear Mr. Bart Chilton,

Thank you kindly for your timely response. How would you suggest I stay appraised to updates in regards to this matter. Thank you for all your efforts to help protect the markets integrity & the investors against manipulation.

Sincerely,

Bryan


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From: BChilton@CFTC.gov
To: bryanblumenfeld@hotmail.com
Date: Thu, 22 Jul 2010 17:23:22 -0400
Subject: RE: In Regards to the New Financial Regulatory Reform Legislation

The levels still have to be determined, but we are required to implement within 180 days. We need to propose the rule for public comment and then make a final determination. I haven't personally decided on the most appropriate level. I tend to think that no trader should have more than 10% of open interest. The idea of 1500 contracts may also make sense, but I still want to be open-minded during this process.
Best,
B



From: Bryan Blumenfeld [mailto:bryanblumenfeld@hotmail.com]
Sent: Thursday, July 22, 2010 4:54 PM
To: Gensler, Gary; Dunn, Michael; Chilton, Bart; Sommers, Jill; O'Malia, Scott
Subject: In Regards to the New Financial Regulatory Reform Legislation


Dear CFTC,
Hello, My name is Bryan Blumenfeld. I saw this 5 minute video http://www.youtube.com/watch?v=K1_q88rlUkw from Mr. Bart Chilton on Financial Regulatory Reform Legislation, July 21, 2010. It is well known that JP Morgan Chase has huge naked short positions in the COMEX SLV. When will legitimate limits be initiated and what will the limits be? As a silver investor I feel like I have the right to know. What should the limits be in silver (and why?) and when will they be enacted? "We The People" would really like you to please enforce the law. The markets are not functioning properly because of this manipulation. A response to my email would be greatly appreciated.

Thank you for your efforts,

Bryan Blumenfeld


You can email the CFTC here are some email addresses:

GGensler@cftc.gov
MDunn@cftc.gov
BChilton@cftc.gov
JSommers@cftc.gov
SOmalia@cftc.gov

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