Comment Text:
10-005
COMMENT
CL-00052
From:
Sent:
To:
Subject:
Rui Rui
Monday, April 26, 2010 7:03 PM
Metals Heating
Position limit on COMEX silver trading
Dear Sir;
Thank for your recent investigation on the issue of position limits for precious metals. I think based on the
evidence presented by GATA, Theodore Butler and so on we do have a case of market manipulation via naked
short.
In order to maintain the credibility and integrity our market, 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 require the short sellers to prove they have the physical
metals behind the contracts they are selling.
Sincerely,
