… what condition my condition was in.
Gary Gensler of the CFTC
Bart Chilton channels Kenny Rogers and the First Edition’s 1968 psychedelic hit with the 2011 rendition of “Assume the position limit your position limit is in.” Chilton once again makes his point that the Commodities Future Trading Commission has no intention of imposing the limits as required, instead he recommends a “points” system. Why measure in dollars what you can measure in points? It sounds like the equivalent of the IMF’s Special Drawing Rights applied to the short position in silver at J. P. Morgan inherited from Bear Stearns.
Here’s a link to the rest of the release from Kitco.com: http://www.kitco.com/reports/KitcoNews20110104DeCKN.html
Here are links to our previous posts on everyone’s favorite CFTC Commissioner Bart Chilton: http://tradewithdave.com/?p=4331