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

  • From: Doug Verstraete
    Organization(s):

    Comment No: 20832
    Date: 4/16/2010

    Comment Text:

    10-005
    COMMENT
    CL-00533
    From:
    Sent:
    To:
    Cc:
    Subject:
    Beaver Hill Auctions
    Friday, April 16, 2010 5:11 PM
    Metals Heating
    [email protected]
    position limits on 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.
    Sincerely,
    Doug Verstraete
    Silver Bullion Investor