Comment Text:
10-005
COMMENT
CL-00385
From:
Sent:
To:
Subject:
Joe Becker
Wednesday, April 21, 2010 4:23 PM
Metals Hearing
Proposed Federal Speculative Position
Gentlemen:
I want to thank you for the opportunity to comment on the position limits for precious metals that is underway.
Please establish a speculative position limit in the COMEX silver market of 1,500 contracts or less per business.
Also, I would encourage restricting hedging exemptions from those limits as well as legitimate hedgers.
I would like to see you stop the high level of concentrations in the COMEX silver futures that have been
experienced over the past number of years on the short side of the market. Excessive contracts in the short side
of the market by so few businesses is not good for this market.
Thank you for all your efforts to improve the integrity of our markets regarding this subject.
Sincerely,
Joe Becker
14235 NW 62nd Place
Parkville, MO 64152
816-891-7013
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