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

  • From: Robert A Lossie
    Organization(s):

    Comment No: 22929
    Date: 4/17/2010

    Comment Text:

    10-005
    COMMENT
    CL-02630
    1480 Applewood Court
    goseville, MN 55113-6288
    O,F.T.O,
    OFFIO~' OF ]°H~~ ~EOI:If~TA~IAT
    April 17, 2010
    David Stawick, Secretary
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21
    st
    Street NW
    Washington, DC 20581
    Dem" Sir:
    Thank you for the opportunity to comment on the issue of positive limits for precious
    metals.
    Please establish a speculative position limit in COMEX silver of no more than 1500
    contracts.
    Also, please restrict any hedging exemptions from those limits as well to legitimate
    hedgers. And, 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.
    Thanks for all the efforts you have displayed to improve the integrity of the markets.
    Sin~rely,
    R@ert A. Lossie