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

  • From: Gregory Crook
    Organization(s):

    Comment No: 20712
    Date: 4/20/2010

    Comment Text:

    10-005
    COMMENT
    CL-00413
    From:
    Sent:
    To:
    Subject:
    Gregory Crook
    Tuesday, April 20, 2010 11:29 PM
    Metals Hearing
    Proposed Federal Speculative Position
    David Stawick, Secretary, Commodity Futures Trading Commission,
    Three Lafayette Centre, 1155 21
    st
    Street, NW,
    Washington, DC 20581
    Dear Sir:
    Thank for the opportunity to comment on the issue of position limits for precious metals.
    It is evident that the time has come to establish a speculative position limit in COMEX silver of no more
    than 1500 contracts; in addition, restrictions must be placed on any hedging exemptions from those
    limits as well to legitimate hedgers. It is high time to 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.
    The integrity of our markets is at stake and we are trusting you to act accordingly.
    Yours truly,
    Gregory Crook