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

  • From: Daniel McKeown
    Organization(s):

    Comment No: 21091
    Date: 4/12/2010

    Comment Text:

    10-005
    COMMENT
    CL-00792
    From:
    Sent:
    To:
    Subject:
    Daniel McKeown
    Monday, April 12, 2010 10:47 AM
    Metals Hearing
    COMEX Silver
    Dear Sir;
    Thank 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.
    It is time to stop this manipulation and allow "free" markets to determine prices for Gold and Silver.
    You have step-by-step evidence of JPM's control of the London market. What more do you need before you
    act ??
    Sincerely,
    Daniel McKeown