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

  • From: Bryan Eberhardt
    Organization(s):

    Comment No: 21445
    Date: 4/10/2010

    Comment Text:

    10-005
    COMMENT
    CL-01146
    From:
    Sent:
    To:
    Cc:
    Subject:
    Bryan Eberhardt
    Saturday, April 10, 2010 2:52 PM
    Metals Hearing
    'Bryan Eberhardt'
    CFTC Public Hearing on position limits
    To Whom it May Concern;
    I would like to thank CFTC for the opportunity to comment on the issue of position limits for precious metals. Based on the
    public hearing recently I believe we should establish a speculative position limit in COMEX for silver of no more than 1500
    contracts. We should also restrict any hedging exemptions from those limits to legitimate hedgers with legitimate hedgers
    having to be made known to the public. These actions should ensure putting a stop to the levels of concentration in COMEX
    silver futures that have been experienced over the past few years on the short side of the market. I appreciate the service you
    are doing for the citizens you work for.
    Sincerely,
    Bryan Eberhardt