Comment Text:
10-005
COMMENT
CL-00109
From:
Sent:
To:
Subject:
David Sabal
Sunday, April 25, 2010 9:30 PM
Metals Hearing
Position limits for precious metals
Secretary of the Commission
Commodity Futures Trading Commission
Dear Sir:
Thank for the opportunity to comment on the issue of position limits for precious metals.
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.
Sincerely,
David Sabal
