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

  • From: Jay Todd
    Organization(s):

    Comment No: 21504
    Date: 4/10/2010

    Comment Text:

    10-005
    COMMENT
    CL-01205
    From:
    Sent:
    To:
    Subject:
    jay todd
    Saturday, April 10, 2010 12:00 PM
    Metals Hearing
    Precious Metals price manipulation
    To: Secretary of the Commission
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21st Street NW
    Washington, DC 20581
    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, Jay Todd