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

  • From: Herbert W Karg
    Organization(s):

    Comment No: 22936
    Date: 4/19/2010

    Comment Text:

    i0-005
    COMMENT
    CL-02637
    .,,d
    Stawick, Secretary
    CFTC
    Washington, DC
    Dear Mr. Secretary
    Thank you for the chance to make comments on the issue of position limits for
    precious metals. I implore you to to create a speculative position limit in COMEX
    silver of no more than 1,500 contracts. Please restrict any hedging exemptions
    from those limits as well, to legitimate hedgers. Also 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.
    Thank you for all of your efforts to improve the integrity of our markets.
    Sincerely,
    W. Karg