Comment Text:
10-002
COMMENT
CL-06706
From:
Sent:
To:
Subject:
[email protected]
Tuesday, April 13, 2010 9:39 AM
secretary
Proposed Speculative Position Limits on Energy
David Hill
8149 S Monaco Cir
Centennial, CO 80112-3021
April 13, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
I am writing in support of the CFTC's Proposed Federal Speculative
Position Limits that will reestablish speculative position limits on maj or
energy commodities. This rule will provide stability to the marketplace
and help prevent future price bubbles.
The effect of speculation and price bubbles not only adds instability to
financial markets, but adversely affects private citizens and the overall
economy, for little more than the personal gain of those who manage to
speculate successfully.
I'm all for people making a profit, but not at these costs.
Regards,
David C. Hill
3037407054
