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

  • From: Ormonde Smith
    Organization(s):

    Comment No: 20716
    Date: 4/20/2010

    Comment Text:

    10-005
    COMMENT
    CL-00417
    From:
    Sent:
    To:
    Subject:
    Ormonde Smith
    Tuesday, April 20, 2010 10:06 PM
    Metals Hearing
    Re: Proposed Federal Speculative Position
    Dear Sirs:
    Thank you for the opportunity to comment on the issue of position limits for precious metals.
    Please establish a speculative position limit in COMEX silver of no more than 1500 contracts.
    Please restrict any hedging exemptions from those limits as well to legitimate hedgers.
    Please 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.
    Thanks for your efforts to improve the integrity of our markets.
    Sincerely,
    Ormonde Smith Jr.
    2501 1/2 Westerland Dr. #101A
    Houston, Texas 77063