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

  • From: Micheal P Hailey
    Organization(s):

    Comment No: 20643
    Date: 4/23/2010

    Comment Text:

    10-005
    COMMENT
    CL-00344
    From:
    Sent:
    To:
    Subject:
    Micheal Hailey
    Friday, April 23, 2010 12:42 AM
    Metals Heating
    Silver position limits
    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,
    Micheal P. Hailey