Font Size: AAA // Print // Bookmark

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

  • From: Richard Anderson
    Organization(s):

    Comment No: 20843
    Date: 4/16/2010

    Comment Text:

    10-005
    COMMENT
    CL-00544
    From:
    Sent:
    To:
    Subject:
    Attach:
    RICHARD ANDERSON
    Friday, April 16, 2010 12:47 PM
    Metals Hearing
    CFTC
    CFTC letter.rtf
    Dear Sir
    AttachedDavid Stawick, Secretary
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21
    St
    Street NW
    Washington, DC 20581
    Dear Sir
    I am taking this opportunity to comment on the issue of position limits for precious
    metals. It should be mandatory that the CFTC establish a speculative position limit
    in COMEX silver of 1500 contracts or less. To avoid regulatory scrutiny of the
    market forces the CFTC should restrict any hedging exemptions from those limits as
    well to legitimate hedgers. If the CFTC does not 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 the Federal Government should initiate proceeding against
    the likes of JP Morgan.
    We can all appreciate your efforts to improve the integrity of this neglected
    oversight.
    Very truly yours
    Dr. Richard Anderson
    6527 Giant Oak
    North Las Vegas, NV 89084