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

  • From: Gary Hevelone
    Organization(s):

    Comment No: 22973
    Date: 4/22/2010

    Comment Text:

    10-005
    COMMENT
    CL-02674
    Secretary of the Commission
    Commodity Futures Tradinl~ Commission
    Three Lafayette Centre
    1155 21
    st
    Street NW
    Washinl~ton, DC 20581
    Ref: Metals Position Limits and Exemptions
    Dear Sir;
    Followinl~ the revelations at the CFTC's Public Hearinl~ on metals position limits and exemptions
    held on March 25, 2010; please establish a speculative position limit in COMEX silver of
    between 1000 to no more than 1500 contracts. Please restrict any hedl~inl~ exemptions from
    those limits to truly lel~itimate hedl~ers.
    Please stop the levels of concentration in COMEX silver futures that have been experienced
    over the past years on the short side of the market.
    Sincerely,
    Gary Hevelone