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

  • From: Philip W Morrison
    Organization(s):

    Comment No: 22368
    Date: 4/8/2010

    Comment Text:

    10-005
    COMMENT
    CL-02069
    From:
    Sent:
    To:
    Subject:
    secretary
    Thursday, April 8, 2010 7:56 AM
    Metals Hearing
    FW: Public comment on the issue of position limits for precious metals
    From:
    Phil Morrison [mailto:[email protected]]
    Sent: Thursday, April 08, 2010 5:09 AM
    To:
    secretary
    Subject: Public comment on the issue of position limits for precious metals
    Secretary of the Commission
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21
    st
    Street NW
    Washington, DC 20581
    Dear Sir,
    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.
    Sincerely,
    Philip W. Morrison
    2704 Mt. Vernon Dr.
    Midland, MI 48642
    989 708 5313
    [email protected]
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