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

  • From: Charles Levine
    Organization(s):

    Comment No: 22299
    Date: 4/8/2010

    Comment Text:

    10-005
    COMMENT
    CL-02000
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Thursday, April 8, 2010 12:44 PM
    Metals Hearing
    Position Limits in Precious Metals
    Dear Sirs,
    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 such as
    Miners who are marketing actual metal, not Banks posing as hedgers
    for the purpose of establishing naked shorts. Furthermore, 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,
    Charles Levine