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

  • From: Ronald Hanna
    Organization(s):

    Comment No: 21939
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01640
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Friday, April 9, 2010 11:37 AM
    Metals Hearing
    Criminal silver manipulation
    Dear Sir;
    I want to thank the CFTC for the hearing on the 25th of March on position limits on precious
    metals, especially silver.
    I would also like to thank you 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.
    Do you remember the Hunt Brothers, and what they tried to do to corner the silver market?
    Sincerely,
    Ronald Hanna,
    Moreno Valley, Ca.