Font Size: AAA // Print // Bookmark

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

  • From: Eric McGinley
    Organization(s):
    PIP Solutions

    Comment No: 21910
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01611
    From:
    Sent:
    To:
    Subject:
    Eric McGinley/PTP
    Friday, April 9, 2010 11:57 AM
    Metals Hearing
    Silver Limits
    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.
    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.
    Please ensure that the levels of concentration in silver futures that have been experienced over the past years
    can not happen in the future, on either the short or the long side of the market.
    Sincerely,
    Eric McGinley
    PtP Solutions
    1314 Elsinore Avenue
    McLean, VA 22102