Font Size: AAA // Print // Bookmark

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

  • From: Don Brod
    Organization(s):

    Comment No: 21190
    Date: 4/11/2010

    Comment Text:

    10-005
    COMMENT
    CL-00891
    From:
    Sent:
    To:
    Subject:
    maureen brod
    Sunday, April 11, 2010 8:25 PM
    Metals Hearing
    Position Limits
    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.
    Let supply and demand determine prices. With position limits, parties/counter parties may actually be
    able to meet contract terms and settle in physical metal if so desired. Unlike today where cash would be
    necessary in worse case scenarios.
    Sincerely,
    Don Brod