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

  • From: Gerald Gatlin
    Organization(s):

    Comment No: 20968
    Date: 4/13/2010

    Comment Text:

    10-005
    COIMMENT
    CL-00669
    From:
    Sent:
    To:
    Subject:
    Gerry Gatlin
    Tuesday, April 13, 2010 4:07 PM
    Metals Hearing
    CFTC Hearings on Position Limits for Precious Metals
    Dear Sir;
    I appreciate the opportunity that you have given for the public to comment on the issue of position limits for precious metals.
    I feel that establishing a speculative position limit in COMEX silver of no more than 1500 contracts is warranted. Also,
    please restrict any hedging exemptions from those limits to legitimate hedgers. It is important that you 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,
    Gerald Gatlin