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

  • From: Garth McLean
    Organization(s):

    Comment No: 22467
    Date: 4/7/2010

    Comment Text:

    10-005
    COMMENT
    CL-02168
    From:
    Sent:
    To:
    Subject:
    GARTH MCLEAN
    Wednesday, April 7, 2010 10:47 PM
    Metals Hearing
    Comment on precious metals position limits
    Dear Sir;
    Thank for the opportunity to comment on the issue of position limits for precious metals.
    I wish there to be a speculative position limit in COMEX silver of no more than 1500 contracts.
    Please restrict any hedging exemptions from those limits to legitimate hedgers.
    Also, I wish a stop be put to 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,
    Garth McLean