Comment Text:
10-005
COMMENT
CL-00212
From:
Sent:
To:
Subject:
CHARLES WOOD
Saturday, April 24, 2010 5:02 PM
Metals Hearing
position limits
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. [] It makes it very difficult for the average investor to have confidence in
the precious metals market.
Sincerely,
C. Robert Wood
