Comment Text:
10-005
COMMENT
CL-00375
From:
Sent:
To:
Subject:
Mark Petersen
Wednesday, April 21, 2010 9:55 PM
Metals Hearing
Proposed Federal Speculative Position
April 21, 2010
190-D Steep Lane
Russellville, AR 72802
David Stawick, Secretary
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21St Street NW
Washington, DC 20581
RE: Proposed Federal Speculative Position
Sir:
I appreciate the opportunity to comment on the issue of position limits for precious metals.
Changes Needed:
Establish a speculative position limit in COMEX silver of no more than 1,500 contracts.
Restrict any hedging exemptions from those limits as well to legitimate hedgers.
Stop the levels of concentration in COMEX silver futures that have been experienced over the past few decades on the short
side of the market.
Thank you for all your efforts to improve the integrity of our markets.
Sincerely,
Mark Petersen
Russellville, AR
