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

  • From: Randall Reinwasser
    Organization(s):

    Comment No: 21972
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01673
    From:
    Sent:
    To:
    Subject:
    Randall Reinwasser
    Friday, April 9, 2010 10:52 AM
    Metals Hearing
    Precious Metal Position Limits
    Dear Sir or Madam, Upon listening to the comments made during the CFTC's recent precious metals
    hearing, I'm convinced that the limit on silver and gold speculative positions needs to be dramatically
    reduced and enforced. By reducing the speculative position limit on the COMEX silver and gold
    market, there will be no opportunity for short-side speculators to manipulate the market. As I
    understand it, one of the primary purposes of the CFTC is to ensure that no manipulation exists in the
    futures market. By enforcing a limit similar to other markets, you can ensure all silver and gold
    investors that the market is in no way rigged or manipulated. Isn't that a reasonable expectation for the
    CFTC?
    Thank you,
    Randall Reinwasser