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

  • From: James Fowler
    Organization(s):

    Comment No: 21948
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01649
    From:
    Sent:
    To:
    Subject:
    Jim Fowler
    Friday, April 9, 2010
    11:18
    AM
    Metals Hearing
    Short Positions In Silver
    Dear Sir;
    Thank for the opportunity to comment on the issue of position limits for precious metals. Please
    establish a speculative position limit in COMEXsilver. The speculative position should be one in
    which there is a reasonable time limit in which the positions can be covered. This should apply to
    the market as a whole.
    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.
    Sincerely,
    James Fowler