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Comment for Proposed Rule 76 FR 4752

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    Comment No: 37441
    Date: 3/25/2011

    Comment Text:

    Nelson Balcar
    25715 Rio Vista Dr
    Carmel, CA 93923-8811


    March 25, 2011

    David Stawick
    Secretary, Commodity Futures Trading Commission Three Lafayette Centre
    1155 21st Street, NW
    Washington, DC 20581


    Dear Mr. Stawick:

    • support the Commission's immediate adoption of spot-month speculative position limits; • urge the Commission to adopt effective back-month levels that will accomplish the legislative purpose of curbing excessive speculation; • urge the Commission to adopt single-month limits that are no higher than two-thirds of the all-months-combined levels; • urge the Commission immediately to adopt a position-accountability regime for the nonspot months in place of its proposed position-visibility rule; and • urge the Commission to adopt lower speculative position limits for passive, long-only traders.

    Time is of the essence, and I urge you to act quickly. Leave a legacy to be proud of - doing your civic duty!

    Sincerely,


    Nelson Balcar
    8316256440


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