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

  • From: Jon W McBride
    Organization(s):

    Comment No: 20607
    Date: 4/24/2010

    Comment Text:

    10-005
    COMMENT
    CL-00308
    From:
    Sent:
    To:
    Subject:
    Jon McBride
    Saturday, April 24, 2010 10:23 AM
    Metals Hearing
    Position Limits on Precious Metals
    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 ~ 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,
    Jon W. McBride
    515.229.3123