Comment Text:
10-005
COMMENT
CL-00256
From:
Sent:
To:
Subject:
Galen Kellenberger
Saturday, April 24, 2010 12:53 PM
Metals Hearing
Comex Silver
Dear Sir
I believe a position limit needs to be established on the Comex to prevent large players from
manipulating the price. Ithinka limit of 2000 contracts for any one player would be sufficient and
restore confidence in the fairness of the market. Also, please restrict any hedging exemptions from those
limits to legitimate hedgers.
As a market participant for many years I have felt cheated and feel I've lost substantial money
playing against (without my knowledge at the time) one or several large commercial shorts that
had a position thata second grader could see would be manipulative. Iofcourse have strong
feelings on this.
Thank You
Galen Kellenberger, DDS
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