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

  • From: Ernest L Bashore
    Organization(s):

    Comment No: 23038
    Date: 4/12/2010

    Comment Text:

    10-005
    COMMENT
    CL-02739
    Secretary of the Commission
    Commodity Futures Trading Comn'fission
    Tlu'ee Lafayette Centre
    1155 21
    st
    Street N W
    Washington D C 20581
    Ernest L. Bashore
    680 Hill Road
    Robesonia, PA 19551
    April 12, 2010
    Dear Sir;
    Thanks for the opportunity to commem 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 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.
    Sincerely,
    Ernest L. Bashore