Comment Text:
10-005
COMMENT
CL-00404
From:
Sent:
To:
Subject:
Robert McClanahan
Wednesday, April 21, 2010 10:20 AM
Metals Hearing
Proposed Federal Speculative Position
Mr. David Stawick,
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Sir:
Thank you 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
1000 contracts. Please restrict any hedging exemptions from those limits as well to
legitimate hedgers, directly involved in silver supply for industrial consumption. 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, and provide greater transparency.
Thank you for all your efforts to improve the integrity of our markets.
Sincerely,
Robert McClanahan
West Palm Beach, FL
