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

  • From: Dennis D Potokar
    Organization(s):

    Comment No: 20757
    Date: 4/19/2010

    Comment Text:

    10-005
    COMMENT
    CL-00458
    From:
    Sent:
    To:
    Subject:
    dennis p
    Monday, April 19, 2010 4:22 PM
    Metals Hearing
    Proposed Fed Speculative Position-Dennis P
    David Stawick, Secretary
    Commodity Futures Trading Commission
    Three Lafayette Centre, 1155.21 Street, NW
    Washington, DC 20581
    April 19, 2010
    re: Proposed Federal Speculative Position
    Dear Sir:
    Thank you for this opportunity to comment on the issue of position
    limits for precious metals. I believe we need a speculative position
    limit in Comex silver of 1500 contracts and no more. Please
    establish this and restrict any hedging exemptions from those limits
    as well to legitimate hedgers. I feel it is most important to market
    fairness to stop the levels of concentration in Comex silver futures
    that we have been seeing in recent years on the short side of the
    market.
    Thank you for your efforts to improve the integrity of our markets.
    Sincerely,
    Dennis D. Potokar
    2604 Beachwood Drive
    Los Angeles, CA 90068