Font Size: AAA // Print // Bookmark

Comment for Sunshine Act Sunshine Act Meeting: March 25, 2010

  • From: Don Denison
    Organization(s):

    Comment No: 20325
    Date: 5/4/2010

    Comment Text:

    10-005
    COMMENT
    CL-00026
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Tuesday, May 4, 2010 10:56 AM
    Metals Hearing
    Precious Metals Hearings
    This message has been modified by removing a potentially harmful program. Only the appearance, not the
    content, should have been affected. If you are having a problem with this modified version, please contact your
    local OITS Customer Service Center for assistance.
    Dear Sirs;
    Case in point below: Here is today's spot silver price. As often occures we are getting a huge drop in the price
    of silver. There is nothing out there in the real market place to cause a drop in the price of silver of this
    magnitude. I don't see how a reasonable person could see this as a normal hedging move. There are some
    powerful people with a lot of money causing these huge disruptions in the market to make huge profits.
    Reasonable limits on short positions and limits on exceptions to the rule are needed to make the playing field
    fair.
    The American tax payer needs and deserves your help.
    Sincerely yours,
    Don Denison