Comment Text:
10-005
COMMENT
CL-00159
From:
Sent:
To:
Subject:
RICHARD LINDENAUER
Sunday, April 25, 2010 12:40 AM
Metals Hearing
Ref: Proposed Federal Speculative Position
David Stawick, Secretary
Commodity Futures Trading Commission
Three Lafayette Center
1155 21st Street, NW
Washington, DC 20581
April 25,2010
Dear Sir:
Thank you 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 1,500 contracts and restrict any
hedging exemptions from those limits to legitimate hedgers. Stopping the levels of concentration in COMEX silver
futures that have been experienced over the past few years on the short side of the market would alleviate the
serious distortions from which that market currently suffers.
We appreciate all your efforts to improve the integrity of our markets.
Sincerely,
Richard M. Lindenauer and Linda E. Lindenauer
P.O. Box 520
Locust Grove, Virginia 22508-0520
