Dear Friend of GATA and Gold (and Silver):

Interviewed for five minutes on CNBC's "Fast Money" program today, CFTC Commissioner Bart Chilton derided the assertion of a commodity exchange operator that large market shares don't interfere with free markets. Chilton insisted that position limits are necessary to prevent market manipulation, even as he acknowledged that preventing manipulation is likely to require the cooperation of exchange regulators in many countries. You can watch the interview at the CNBC archive here:

http://www.cnbc.com/id/15840232/?video=1706782569&play=1

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.