Comment Text:
10-005
COMMENT
CL-00253
From:
Sent:
To:
Subject:
Gare Clement
Saturday, April 24, 2010 1:02 PM
Metals Hearing
Silver market manipulation...
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,
Gare Clement
Canadian metals trader
p.s. it is a travesty that JP MORGAN is allowed to hold so many 1000's of short silver contracts thus manipulating
the market and when the general public wakes up to these facts THEY(JP MORGAN) and anyone(CFTC) that
willingly allowed this to continue will all be handed stiff jail terms iMho...
