From Fleck:
On the subject of gold, I have received many emails asking what's happened to the ETF. All I can say is, I have no idea. But along that line, I have decided to take matters into my own hands. I would like to start a campaign, if you will, to "Free the ETF." After checking around a bit, I think that perhaps the most constructive thing folks can do is convey their sentiments, via letters to the SEC commissioners -- something along the lines of:
"I would like to trade gold, via an ETF, as soon as possible. With nearly 100 ETFs now trading on a variety of instruments, surely the SEC could allow gold among those offerings. And yet, the most recent S1A for the gold ETF was submitted almost six months ago. What's the holdup?" The letters should be sent to SEC Commissioners William H. Donaldson, Cynthia Glassman, Harvey Goldschmid, Paul Atkins, and Roel Campos. The address: SEC Headquarters, 450 Fifth Street, N.W., Washington, DC 20549.
I have no idea if this will be effective, but I don't see any downside, and at a minimum, we might learn the source of the delay. Perhaps the campaign could be helped along if folks would forward this to everyone they know with an interest in the gold ETF. I myself have already dashed off a copy to all the commissioners. |
