Comment Text:
10-005
COMMENT
CL-00057
From:
Sent:
To:
Subject:
[email protected]
Monday, April 26, 2010 3:20 PM
Metals Hearing
Fwd: Position Limits for Comex Silver
From: [email protected]
To: [email protected]
Sent: 4/26/2010 3:09:37 P.M. Eastern Daylight Time
Subj: Position Limits for Comex Silver
Dar Sir or Madam,
I appreciate the opportunity to write to you on what I believe to be a very important matter ie; position
limits for precious metals. Specifically, I would like to ask that you establish a speculative position
limit in Comex Silver of no more than 1,500 contracts. I believe that excesses in this regard have
caused market imbalances especially during the past several years.
Please restrict hedging exceptions from those limits to legitimate hedgers. And most importantly,
please stop the level of concentration in Comex Silver Futures on the short side of the market which to
the extent these sometimes very large positions have been taken over the recent past, clearly seems
be for the benefit of only a select few.
Thank you for your consideration.
Respectfully,
William A. Lincoln
Clemmons, North Carolina
