Font Size: AAA // Print // Bookmark

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

  • From: Steven Landis
    Organization(s):

    Comment No: 22461
    Date: 4/7/2010

    Comment Text:

    10-005
    COIMMENT
    CL-02162
    From:
    Sent:
    To:
    Subject:
    steve landis
    Wednesday, April 7, 2010 11:02 PM
    Metals Hearing
    speculative short sellers
    Dear Sirs;
    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. There must
    be an ability to demand proof that large short sellers do actually have the ability to deliver, if
    necessary. 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,
    steven landis
    Quakertown, PA