CFTC and position limits

http://www.reuters.com/article/idUSTRE5B10OV20100114

"The chairman of the Commodity Futures Trading Commission said that the agency's planned meeting in early March to discuss possible position limits on metal futures and options contracts will focus on gold and silver contracts."

Let's see if CFTC Chairman Gensler is serious this time.

This Reuters article does a decent job of capturing the CFTC's comments on concentrated position limits in the COMEX, but then lays an egg with this wrong conclusion:

"A review of possible position limits on the COMEX gold and silver market should not affect prices because of the vast physical spot gold market outside of the United States, traders said."

Um...reducing and enforcing position limits in the silver and gold market exchanges will cause prices on said precious metals to rise, as the bullion banks will no longer be able to execute their price suppression schemes. Regulating abusive price manipulation will expose the shortage of physical silver and gold bullion, as true market price transparency is achieved.