Comment Text:
10-005
COMMENT
CL-00386
From:
Sent:
To:
Subject:
Bill Scherer
Wednesday, April 21, 2010 3:46 PM
Metals Hearing
ref: Proposed Federal Speculative Position
Attn: David Stawick, Secretary, Commodity Futures Trading Commission
For the comment period concerning position limits for precious
metals: It appears that this market has been unregulated for too long
and it is my opinion that a speculative position limit in COMEX traded
silver be limited to less than 1501 positions. All traders,
legitimate hedgers and otherwise should be subject to this limit.
There appears to be too much concentration in silver futures on the
short side.
Bill Scherer
