Comment Text:
I support immediate adoption of the proposed rule on speculative position limits for commodities (RIN 3038–AD15 and 3038–AD16 Position Limits for Derivatives).
Commodities such as energy and food are vital resources to American industries, businesses and consumers. Speculators have a role in providing liquidity to the market and helping energy and agriculture companies and consumers manage price risk. Because they dominate these markets, speculators have had the opposite effect. That needs to be turned around to support the price discovery functions of the markets.
A position limits rule would be crucial in reestablishing the true purpose of and help return stability and confidence to these markets. I urge adoption of this rule.
Respectfully,
Nancy Goebner
