Comment Text:
10-005
COMMENT
CL-00358
From:
Sent:
To:
Subject:
Attach:
G & L Hevelone
Thursday, April 22, 2010 2:13 PM
Metals Hearing
Comments on Metals Positions and Exemptions
Leter to Secretary of the Commission on Metals Position 4.22.10.docx
Dear Sir,
Please see attached letter with brief comments on COMEX metals positions and exemptions.
Thanks,
GarySecretary of the Commission
Commodity Futures Tradinl~ Commission
Three Lafayette Centre
1155 21
st
Street NW
Washinl~ton, DC 20581
Ref: Metals Position Limits and Exemptions
Dear Sir;
Followinl~ the revelations at the CFTC's Public Hearinl~ on metals position limits and exemptions
held on March 25, 2010; please establish a speculative position limit in COMEX silver of
between 1000 to no more than 1500 contracts. Please restrict any hedl~inl~ exemptions from
those limits to truly lel~itimate hedl~ers.
Please stop the levels of concentration in COMEX silver futures that have been experienced
over the past years on the short side of the market.
Sincerely,
Gary Hevelone
