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

  • From: Stuart M Johnson
    Organization(s):

    Comment No: 21786
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01487
    From:
    Sent:
    To:
    Subject:
    Stuart Johnson
    Friday, April 9, 2010 2:26 PM
    Metals Hearing
    Position limits for precious metals
    Dear Sir;
    Thank 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 to legitimate hedgers AND establish an
    upper limit to the exemption since it is a relatively small market
    Please stop the levels of concentration in COMEX silver futures by 8 or fewer traders that have
    been experienced over the past few years on the short side of the market.
    Allow free market forces to reveal the true value price.
    PLEASE ACT SOON!
    Sincerely, Stuart M. Johnson
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