Font Size: AAA // Print // Bookmark

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

  • From: James & Marianne Rodgers
    Organization(s):

    Comment No: 21828
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01529
    From:
    Sent:
    To:
    Subject:
    Jim Rodgers
    Friday, April 9, 2010 1:32 PM
    Metals Hearing
    Limit speculative positions on gold, silver
    Sir:
    As investors, we believe limits on the number of speculative positions
    on COMEX gold and silver are needed. For silver, less than 1,500
    contracts.
    As well, we believe in restricting hedging exemptions (if any) from
    those limits to LEGITIMATE hedgers.
    For years, we have noticed the high concentrations in COMEX silver
    futures bought short. We have long believed that this has been done to
    suppress the prices of Au and Ag.
    James Rodgers and Marianne Rodgers, Houston