Jeffrey Christian: CFTC Position Limits for Metals a ‘Bad Idea’

Hard Assets Investor submits: By Lara Crigger On Thursday, the Commodity Futures Trading Commission (CFTC) held a daylong hearing to discuss the possibility of enacting position limits in the gold, silver and copper markets—which might sound a little strange, considering the general lack of evidence or even public outcry on the matter. Apart from some gold manipulation theorists like GATA, few have even publicly raised the question of curbs on speculation in the metals markets. But that hasn’t deterred the CFTC or Commissioner Bart Chilton, who recently called out a need for “professional-grade regulatory tools” in the metals futures markets.