Comment for Sunshine Act Sunshine Act Meeting: March 25, 2010
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From:
John L McFarlane
Organization(s):
Comment No:
21379
Date:
4/10/2010
Comment Text:
10-005
COMMENT
CL-01080
From:
Sent:
To:
Subject:
Les McFarlane
Saturday, April 10, 2010 9:19 PM
Metals Hearing
Trading Silver on the Comex
To whom it may concern --
From what i have read
from established people in the know (Michael Berry, Ted Butler and James Turk to name a few) the silver and
gold markets have been held in contempt (particularly the silver market it being such a small market comparitively
speaking) due to incredibley heavy shorting by a couple of major financial institutions. If this is true the playing
field would be wrongly tilted in favor of gross manipulation. I have learned that the way to restrict this tampering of
free markets is to reduce the speculative position limit in Comex Silver to no more than 1500 contracts and to
restrict any hedging exemptions to legitimate hedgers and kindly put an end to the concentration on the short side
of silver on the Comex Silver Market. thank you for your time, Yours Sincerely John Leslie
McFarlane
