Comment for Sunshine Act Sunshine Act Meeting: March 25, 2010
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From:
Michael J McCarthy
Organization(s):
Comment No:
23095
Date:
4/14/2010
Comment Text:
10-005
COMMENT
CL-02796
@4/14/2@i@ ii:82
41@78~3@13
RIPARIIJS
PAGE @i/81
25 Schilling Road
Hunt Valley, Maryland 21.031
April 14. 2010
FAX 202-418-5521
& Mail
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 2I
st
Street, NW
Washington, DC 20581
RE:
POSITION Lh-"vIITS FOR PRECIOUS METALS
Dear Commissioners:
Thank you for the opportunity to comment on the issue of position limits :for
precious metals. Please establish a speculative positiort 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 or" concentration in COMEX silver futures that
have been experienced over the past few years on the short side of the market.
I have been a long time silver investor and have e~couraged my children to invest
in silver as a way to save for future, ne~ds or retirement. Please take the abo've steps to
make the silver precious metals market a level and fair playing field for all individual
investors such as myself and my childreo to i~vest ia.
Very truly ?,ours,
Michael J. McCarthy
