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

  • From: Bobby C Sines
    Organization(s):

    Comment No: 22667
    Date: 4/7/2010

    Comment Text:

    10-005
    COMMENT
    CL-02368
    From:
    Sent:
    To:
    Subject:
    secretary
    Wednesday, April 7, 2010 12:22 PM
    Metals Hearing
    FW: Instructions for the CFTC - PM Position Limits
    From:
    Bobby C. Sines [mailto:[email protected]]
    Sent:
    Wednesday, April 07, 2010 11:21 AM
    To: [email protected]; Dunn, Michael; Chilton, Bart; Sommers, Jill; Lavik, A. Roy; [email protected];
    Obie, Stephen J.; Gensler, Gary; secretary
    Subject:
    Instructions for the CFTC - PM Position Limits
    Dear Sirs,
    Thank for the opportunity to address 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,
    RCS