Comment Text:
10-005
COMMENT
CL-00349
From:
Sent:
To:
Subject:
j mc
Thursday, April 22, 2010 7:34 PM
Metals Hearing
Position limits-public forum
Dear Sir;
Thanks for the opportunity to comment on the issue of position limits for precious metals. As an
investor, in recent years I have become aware some important issues concerning the precious metals
markets. Specifically alarming, are those involving allegations of a large unsecured and concertrated
speculative short position that I feel is very manipulative in nature, and which has detered many
investors from otherwise participating in this market-myself included.
Therefore, in order to restore confidence and legitimatcy to this market, I believe that it is imparitive
to 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.
Again, thank you for your consideration of smaller noninstitutional investors such as myself.
Best regards,
John Camper
Sent from John Camper's iPhone
[email protected]
