Comment Text:
10-005
COMMENT
CL-02395
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 11:13 AM
Metals Hearing
FW: Precious Metals Trading
From:
Dr. John D. Andre [mailto:[email protected]]
Sent: Wednesday, April 07, 2010 10:13 AM
To: secretary
Subject: Precious Metals Trading
7 April 2010
Hello CFTC:
First, thanks very much for holding the open hearing concerning the trading of precious
metals and associated mechanisms. We were impressed by the way the CFTC handled
this process... Good Job..!!!! And, thank you for this opportunity to post a public
comment.
In our opinion, it is now time for you folks to level the playing field. Please do the rest of
your job and put in place reasonable and appropriate restrictions on speculative position
limits (the number of contracts that may be traded or held by a single entity). COMEX
Silver is the glaring example needing attention as we see it. In our opinion, anything over
1,500 contracts per person or per corporation would be sloppy control on your part - and
a joke in actuality in regulatory terms. Also, please get real about your hedging
exemptions from those limits. Please ask yourselves: What/Who is a legitimate hedger?
Finally ... a great big thanks to all of you folks at CFTC for all that you do. We know it's
a tough job, but someone's gotta do it.
Warm Regards, John & Nancy
Nancy Mae Page, DDS
John Daniel Andre, DC, ND
7536 Wornall Road, #46
Kansas City, MO 64114
816.361.8900
[email protected]
