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

  • From: Richard DeCook
    Organization(s):

    Comment No: 23063
    Date: 4/10/2010

    Comment Text:

    10-005
    COMMENT
    CL-02764
    7:0,,.
    April 10, 2010
    Secretary of the Commission
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21
    st
    Street NW
    Washington, DC 20581
    Dear Sir;
    Thank 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 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,
    Richard DeCook
    7232 Woodrow Drive
    Fort Collins, CO 80525