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

  • From: John Daugherty
    Organization(s):

    Comment No: 21347
    Date: 4/11/2010

    Comment Text:

    10-005
    COMMENT
    CL-01048
    From:
    Sent:
    To:
    Subject:
    John Daugherty
    Sunday, April 11, 2010 12:21 AM
    Metals Hearing
    Precious metals 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.
    Sincerely,
    John Daugherty
    john @pentexadvisors.com
    Office: (972) 429-1324
    Cell: (214) 460-0711