Comment Text:
10-005
COMMENT
CL-00160
From:
Sent:
To:
Subject:
McClaugherty, Patrick E
Sunday, April 25, 2010 12:40 AM
Metals Hearing
Position Limits Plea
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. There are many average Americans who because of the recent meltdown of their
net worth invest as best they can in "poor man's gold" and I am one of them. Please consider leveling the playing field for us
'common folk'.
Sincerely,
Patrick E. McClaugherty
4/24/2010
