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

  • From: Mark Soderberg
    Organization(s):

    Comment No: 20512
    Date: 4/24/2010

    Comment Text:

    10-005
    COMMENT
    CL-00213
    From:
    Sent:
    To:
    Subject:
    Mark Soderberg
    Saturday, April 24, 2010 4:57 PM
    Metals Hearing
    Secretary of the Commission, Commodity Futures Trading
    Commission
    Dear CFTC, Secretary of the Commission,
    I want to respond to the hearings recently held
    Dear Sir;
    Thank 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 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.
    I have a feeling that "major forces" feel, that to manipulate these Metals markets is necessary.
    Necessary for the reasons of "dollar"/currency
    related issues. Our Federal Reserve, Treasury and so on, may want to insure that our currency
    remains "strong". ..... well, that is and cannot be
    accomplished through Metals manipulation, but rather by doing the things that actually justify a
    solid, strong "money/currency." I trust that you will,
    in the end, provide truth, honesty, fairness to all of us citizens, via a rock solid, transparent and
    honest Market.
    Sincerely, MarkSoderberg