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

  • From: Gare Clement
    Organization(s):

    Comment No: 20553
    Date: 4/24/2010

    Comment Text:

    10-005
    COMMENT
    CL-00254
    From:
    Sent:
    To:
    Subject:
    Gare Clement
    Saturday, April 24, 2010 12:56 PM
    Metals Heating
    Silver market manipulation...
    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.
    Sincerely,
    Gare Clement
    Canadian metals trader
    p.s. it is a travesty that JP MORGAN CHASE is allowed to hold as many 1000's of short silver contracts that
    THEY do thus illegally manipulating the silver market.., when this comes to light amongst the general public