Comment Text:
10-005
COMMENT
CL-00315
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Dan Clemons
Saturday, April 24, 2010 10:05 AM
Metals Hearing
Position Limits
silver.gif; unbelieve-able.gif
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. Small investors have been seriously hurt
by the action of the large players with these unwarranted "exemptions".
No other markets IN THE WORLD trade like these, as shown in the attached charts.
Thank you,
Dan Clemons
