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

  • From: Tim Melia
    Organization(s):
    Melia Trading Co Ltd

    Comment No: 22697
    Date: 4/7/2010

    Comment Text:

    10-005
    COMMENT
    CL-02398
    From:
    Sent:
    To:
    Subject:
    secretary
    Wednesday, April 7, 2010 11:12 AM
    Metals Hearing
    FW: Silver price manipulation
    From:
    Tim Melia [mailto:[email protected]]
    Sent:
    Wednesday, April 07, 2010 10:06 AM
    To:
    secretary
    Subject:
    Silver price manipulation
    Dear Sir;
    Thank for the opportunity to comment on 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,
    Regards
    Tim Melia B.Sc (Hons) MBCS
    For and on behalf of Melia Trading Co Ltd
    27 Bolton Rd, Darwen, Lancs, BB3 3LR, UK
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