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

  • From: Richard Benson
    Organization(s):

    Comment No: 21918
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01619
    From:
    Sent:
    To:
    Subject:
    Richard Benson
    Friday, April 9, 2010 11:51 AM
    Metals Hearing
    position size limits regulation
    Dear Sir;
    Please allow me to comment on the issue of position limits for precious metals. There must be a
    speculative position limit in COMEX silver consistent with your regulation of other futures contracts
    (i.e. for silver that would be in the range of 1000-2000 per account. Please restrict any hedging
    exemptions from those limits for non-instirutional silver processors/ manufacturerers, that is
    disallow speculation by large funds/speculators in the position for pure speculative financial
    intention. I speak to the massive short position in Silver which is beyond logical or constructive
    hedging ....... we are being manipulated by a very un-natural, concentrated and non-free market
    group. It is up to you to control this as your perception by investors as a Regulator in commodities
    need not be added to the list of other regulators (FINANCIAL) that have not protected the
    taxpayers.
    Sincerely,
    Richard Benson