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

  • From: Stanley Rosen
    Organization(s):

    Comment No: 21769
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01470
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Friday, April 9, 2010 2:52 PM
    Metals Hearing
    position limits
    Dear Sir:
    As a serious investor in silver, I'd like to thank for the opportunity to comment on the issue of
    position limits for precious metals. Your recent hearings and related news reports have highlighted
    the need to establish a speculative position limit in COMEX silver of no more than 1500
    contracts. Any hedging exemptions from those limits should be restricited to legitimate hedgers.
    Moreover, I would sincerely appreciate whatever can be done to stop the (unlawful?) levels of
    concentration in COMEX silver futures that have been experienced over the past few years on the
    short side of the market.
    Sincerely,
    Dr. Stanley Rosen
    Los Angeles