Comment Text:
10-005
COMMENT
CL-00399
From:
Sent:
To:
Subject:
bill birkhoff
Wednesday, April 21, 2010 12:07 PM
Metals Heating
Silver Short Concentrations
Dear Sir:
Thank for the opportunity to comment on the issue of position limits for precious metals. Please
establish a speculative position limit in COMEX silver of no more than 1500 contracts. Please restrict
any hedging exemptions from those limits as well 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.
From what I have read and in my opinion, the extreme short concentration in one bank could lead to
additional stress in the financial sector if that large position becomes untenable if physical silver
is/does become dear.
Thank you for all your efforts to improve the integrity of our markets.
Sincerely,
William Birkhoff
Address:
11956 Bernardo Plaza Drive
#529
San Diego, CA 92128
David Stawick, Secretary, Commodity
Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street, NW, Washington, DC
20581: FAX: (202) 418-5521 or email:
[email protected];
ref: Proposed Federal
Speculative Position
Bill
858-254-2425
[email protected]
11956 Bernardo Plaza Drive #549
San Diego, CA 92128
