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

  • From: Peter M Eller
    Organization(s):

    Comment No: 21384
    Date: 4/10/2010

    Comment Text:

    10-005
    COMMENT
    CL-01085
    From:
    Sent:
    To:
    Subject:
    Karen & Peter Eller
    Saturday, April 10, 2010 9:01 PM
    Metals Heating
    Gold and Silver Markets
    Dear Sirs,
    Thank you for the opportunity to comment on the issue of position limits for precious metals.
    The markets seem to be distorted and manipulated by a few large interests.
    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,
    Peter IVl. Eller, PhD