Comment Text:
10-005
COMMENT
CL-00302
From:
Sent:
To:
Subject:
dhlindgren@aol, com
Saturday, April 24, 2010 10:32 AM
Metals Hearing
Position Limits
Attention CFTC,
I am writing you concerning position limits for silver and gold contracts on the COMEX. As a commodity broker, I
have watched the daily actions of these two precious metals every day for years, and as a professional, I can say
that without limits, the bullion banks have a strangle hold on true unfettered market action. The CFTC is now at a
crossroads, and can establish themselves as true regulators or do little or nothing to stop this illegal trading by
four parties that control the vast majority of short trades. In my opinion, no more than 1000-1500 contracts should
be held by one party. If you liberate the markets in this way, you will have set free markets that are plainly
controled by a few parties, and allow them to trade in a true free market.
Sincerely,
David Lindgren
Commodities Broker
La Quinta, CA
