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

  • From: Rudy H Klaus
    Organization(s):

    Comment No: 22347
    Date: 4/8/2010

    Comment Text:

    10-005
    COMMENT
    CL-02048
    From:
    Sent:
    To:
    Subject:
    Klaus, Rudy
    Thursday, April 8, 2010 9:23 AM
    Metals Hearing
    Precious Metals Position Limits - IMPORTANT & TIME SENSITIVE
    Dear Mr. Gensler,
    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.
    In the interest of doing what is right I urge you to please stop this fraudulent activity by
    stopping 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,
    R. H. Klaus