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

  • From: Jack Weber
    Organization(s):

    Comment No: 22624
    Date: 4/7/2010

    Comment Text:

    10-005
    COMMENT
    CL-02325
    From:
    Sent:
    To:
    Subject:
    Jack Weber
    Wednesday, April 7, 2010 12:36 PM
    Metals Hearing
    Dear Sir:
    It is my understanding that the public hearing you held a few days ago had a very positive impact on many who
    have been following silver for the past several years. Thank you for that result.
    It has also come to my attention that you are considering limiting speculative position limits on COMEX silver
    trading. I strongly urge you to restrict such speculative positions to no more than 1,500 contracts, if not 1,000.
    Also please restrict any hedging exemptions from those limits to legitimate hedgers, not speculative ones.
    And, finally please stop the levels of concentration in COMEX silver futures that have been experienced over the
    past several years on the short side of the market.
    Thank you for your serious consderation,
    Jack Weber
    Scottsdale, AZ