Comment Text:
10-005
COMMENT
CL-02154
From:
Sent:
To:
Subject:
Pete Eakle
Wednesday, April 7, 2010 11:42 PM
Metals Hearing
Comment about recent CFTC hearing about the Gold and Silver metals markets
I watched parts of the live hearing broadcast and some replays later
on YouTube. Thank you for having that hearing. I was surprised to hear
that the Commission may now have empirical evidence of an actual
market manipulation in Silver. If true, then I think it is critical
for the Commission to act and implement new safeguards to prevent such
short side concentration and manipulation from occurring again. I
assume you will need to set a maximum number of contracts that can be
allowed, in order to prevent this from occurring in the future.
Sincerely,
Pete Eakle
P.O. Box 153
Big Oak Flat, Ca. 95305
