Comment Text:
10-005
COMMENT
CL-00351
From:
Sent:
To:
Cc:
Subject:
Tom Rifleman
Thursday, April 22, 2010 6:15 PM
Metals Hearing
Tom Rifleman
Silver Contracts
Secretary, Commodity Futures
Trading Commission
Three Lafayette Centre
1155 21 st Street NW
Washington, DC 20587
Dear Sir:
I am concerned about the
improper use of position
limits in silver
trading.
Please use the authority of your Commission to keep silver concentration and limits within the bounds
of legitimate trading.
Perhaps establishing a limit of 1,500 contracts per account would be reasonable and responsible. This
would be a step in the right direction to stop the unconscionable concentration in silver futures that has
occurred on the short side of the market.
Your comments on this matter will be appreciated. Thank you for your consideration.
Cordially,
Thomas E. Rifleman
9135 Autumn Storm
San Antonio, Texas 78254
