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

  • From: Joseph V Gioia
    Organization(s):

    Comment No: 22939
    Date: 4/19/2010

    Comment Text:

    10-005
    COMMENT
    CL-02640
    April 19, 2010
    Fntnre Trading Commission, Three Lafayette Center
    1155 21 at Street NW
    Washington, DC 20581
    Attention: David Stawiek
    Secretary, Commodity
    Dear Sir:
    Thank you 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 as well 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.
    Thank you for all your efforts to improve the integrity of our markets.
    JVG: ke
    //FTC0419 ! 0