Comment Text:
10-005
COMMENT
CL-00164
From:
Sent:
To:
Subject:
brian fuentes
Saturday, April 24, 2010 11:36 PM
Metals Hearing
ref: PROPOSED FEDERAL SPECULATIVE POSITION.
DEAR MR. DAVID STAWICK, SECRETARY COMMODITY FUTURES TRADING COMMISION.
THANK YOU FOR THE OPPORTUNITY TO COMMENT ON THE ISSUE OF POSITION LIMITS
FOR PRECIOUS METALS. PLEASE ESTABLISH A SPECULATIVE POSITION LIMIT IN
COMEX SILVER OF NO MORE THAN 1500 CONTRACTS. PLEASE RESTRICT ANY HEDGING
EXEMPTIONS FROM THOSE LIMITS AS WELL TO LEGITIMATE HEDGERS. PLEASE STOP
THE LEVELS OF CONCENTRATION IN COMEX SILVER FUTURES THAT HAVE BEEN
EXPERIENCED OVER THE PAST FEW YEARS ON THE SHORT SIDE OF THE MARKET.
THANK YOU FOR ALL YOUR EFFORTS TO IMPROVE THE INTEGRITY OF OUR MARKETS.
SINCERELY,
BRIAN FUENTES.
