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

  • From: David Luciuk
    Organization(s):

    Comment No: 20820
    Date: 4/16/2010

    Comment Text:

    10-005
    COMMENT
    CL-00521
    From:
    Sent:
    To:
    Subject:
    voyag eu r122@ hotma il. corn
    Friday, April 16, 2010 9:45 PM
    Metals Hearing
    Position Limits for Precious Metals
    Dear Sirs;
    Thank you 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.
    We need more regulation in the Precious Metals markets to prevent large institutions like the ones
    you are presently investigating from corrupting the market.
    Please do something to stop this type of trading.
    Sincerely,
    David Luciuk
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