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

  • From: Richard Bordelon
    Organization(s):

    Comment No: 23069
    Date: 4/8/2010

    Comment Text:

    10-005
    COMMENT
    CL-02770
    Richard Bordelon
    6211 W. Northwest Highway
    #1507
    Dallas, TX 75225
    April 8, 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 Bordelon