Font Size: AAA // Print // Bookmark

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

  • From: James McDonald
    Organization(s):

    Comment No: 21707
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01408
    From:
    Sent:
    To:
    Subject:
    [email protected] on behalf of
    James McDonald
    Friday, April 9, 2010 7:06 PM
    Metals Heating
    Position Limits for Precious Metals
    Secretary of the Commission
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21
    St
    Street NW
    Washington, DC 20581
    Dear Sir;
    This email is in response to your recent request for comment on the issue of position
    limits for precious metals, I have three requests:
    1. Please establish speculative position limits in COMEX silver of no more than 1500 contracts
    and set more appropriate limits for Gold.
    2. Restrict any hedging exemptions from those limits to legitimate hedgers.
    3. Stop the extreme concentration in COMEX silver futures that have been experienced over
    the past few years on the short side of the market.
    Sincerely,
    James McDonald
    5286 Veronica St.
    Los Angeles, CA 90008