ted butler is asking us to write to the cftc in support of his proposal for position limits. for some reason they don't want to hear from him.

The One Percent Solution

I propose that the Commission adopt a hard position limit in the contract equivalent amount of no more than one percent of the world annual production of any commodity of finite supply. This 1% speculative position limit would apply to all related derivatives on an aggregate (across all markets) and on an all-months-combined basis. No single speculative trading entity could control on a net basis, long or short, a total derivatives position greater than one percent of the annual world production of any commodity. Such a limit would be large enough to accommodate all but a handful of traders in every market. Importantly, such a level, evenly enforced, would make concentration and manipulation impossible. This is the primary mission of the Commission.

GGensler@cftc.govChairman

MDunn@cftc.govCommissioner

BChilton@cftc.govCommissioner

JSommers@cftc.govCommissioner

Somalia@cftc.govCommissioner

PosLimits@cftc.gov

http://news.silverseek.com/SilverSeek/1284471998.php