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

  • From: Mark Kanarick
    Organization(s):

    Comment No: 22314
    Date: 4/8/2010

    Comment Text:

    10-005
    COMMENT
    CL-02015
    From:
    Sent:
    To:
    Subject:
    Mark Kanarick
    Thursday, April 8, 2010 11:28
    AM
    Metals Hearing
    public comment
    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.
    You have an opportunity to take action that will help create a more fair
    and free market environment - to leave things the way they are is to
    endorse this obvious silver price manipulation.
    We are watching what you do.
    Sincerely,
    M. Kanarick