Guess the longs need to worry :)
stateside
CFTC Needs ‘Professional-Grade’ Metals Rules, Commissioner Says
March 23 (Bloomberg) -- The Commodity Futures Trading Commission needs “professional-grade” regulations for metal markets including gold and silver, Commissioner Bart Chilton said.
“We need to have rational free markets and need to control and ensure that there’s no excess speculation and no excess concentration in markets,” Chilton said today on a conference call with investors. “We need to have professional-grade regulatory tools,” for metals-futures trading, he said.
The CFTC “drastically” needs to set position limits, Chilton said.
To contact the reporter on the story: Millie Munshi in New York at mmunshi@bloomberg.net.
