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

  • From: Paul Morneault
    Organization(s):

    Comment No: 21788
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01489
    From:
    Sent:
    To:
    Subject:
    PAUL MORNEEAULT
    Friday, April 9, 2010 2:23 PM
    Metals Hearing
    Please correct the situation taking place on the comex.
    Dear Sir:
    Please correct the situation taking place on the Comex regarding precious metals short
    positions. This situation resulted in my personal loss of over $22,000.00 during the fall of
    2008.
    Beyond this, the present situation continues to threatens and undermine confidence in the
    markets. Now is the time to do what is right for the citizens of this county.
    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.
    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.
    Thank you.
    Sincerely,
    Paul Morneault
    paulemorneault@ahoo, com