Comment Text:
10-005
COMMENT
CL-02390
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 11:14 AM
Metals Hearing
FW: position limits
..... Original Message .....
From: JEFFREY LIVINGSTON [mailto:[email protected]]
Sent: Wednesday, April 07, 2010 10:22 AM
To: secretary
Subject: position limits
Dear Commissioners:
I listened and have studied with interest your recent hearing on
position limits in the precious metals. There seams to be no "market
making" reason for concentrated large long or short positions in the
metals except to aid in "market manipulation". I feel, along with
others, that 1500 contracts is adequate for all participants.
Exemptions should only be granted to legitimate producers or users
"period" and then only for very specific events with time lines. We
look to you to free this market and allow true price discovery not
dominated by a few self interested players.
Sincerely,
Jeff Livingston
