Font Size: AAA // Print // Bookmark

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

  • From: Steve Teskey
    Organization(s):
    Ryadon Inc

    Comment No: 23147
    Date: 4/8/2010

    Comment Text:

    10-005
    COMMENT
    CL-02848
    RYAI]DN
    CUSTOM SECURITY HARDWARE
    April 8, 2010
    Dear CFTC Commission:
    Thank you for the opportunity to comment on the issue of position limits for precious
    metals, i would urge you to establish a speculative position limit in COM£.X sliver of no
    more thmn I500 contracts. Please restrict any hedging exemptions from those limits to
    the legitimate hedgers, Please stop the levels of concentration in COMEX silver futures
    ~hat have been ~xperienced over the last several years from the short side of this market.
    I believe this is vita[ to the market's integrity and in the best interests of the American
    public.
    Sincerely,
    Steve Teskey
    /
    2~932 Wright Circle ¯ Foothill Ranch, CA 92610 ¯ Phone (949) 768-8333 o Fax (949) 768-3512