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

  • From: Bernard L Pikal
    Organization(s):

    Comment No: 23156
    Date: 4/10/2010

    Comment Text:

    10-005
    COMMENT
    CL-02857
    April 10, 2010
    Secretary of the Commission
    Commodity Futures Trading Commission
    Three Lafayette Center
    1155 -21
    St
    Street NW
    Washington, DC 20581
    Dear Sir:
    1 want to take this opportunity to thank you for allowing me to comment on the issues of position limits for
    precious meta]s.
    1 respectfully ask that you please establish a speculative position limit in COMEX silver of no more than 1,500
    contracts. 1 further ask that you restrict any hedging exemptions from those limits to legitimate hedgers, and
    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.
    Respectfully yours.
    Bernard L. Pikal