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

  • From: Kurt Oldenbrook
    Organization(s):

    Comment No: 22944
    Date: 4/13/2010

    Comment Text:

    10-005
    COMMENT
    CL-02645
    April 13,2010
    Secretary of the Commission
    Commodity Futures Trading Commission
    3 Lafayette Center
    1155 21
    ~t
    Street NW
    Washington, DC 20581
    Dear Sir;
    COMMENT
    I am writing, during your comment period, about placing position limits on the precious
    metals markets. It seems that a speculative limit of 1500 contracts in Comex silver would
    goa long way toward reducing the possibility of market manipulation as exposed by Andrew
    Maguire. Hedging exemptions to this limit could be restricted to only legitimate hedgers.
    This huge short concentration in Comex sliver futures is not a free market. Thank you.
    Sincerety,
    Kurt Oldenbrook