Comment Text:
10-005
COMMENT
CL-00421
From:
Sent:
To:
Subject:
[email protected]
Tuesday, April 20, 2010 6:45 PM
Metals Hearing
Proposed Federal Speculative Popsition
Sirs: I appreciate this opportunity to comment on position limits in precious metals, especially Silver.
My feeling is that a position limit in COMEX silver should be of no more than 1500 contracts. Also, I feel
the hedging exemption restrictions from these limits should cover all parties, including legitimate hedgers.
The concentration we've seen over the past several years by "shorts", in my opinion, is not morally right,
if not illegal.
Your effort to clean up these markets is long overdue (not on your watch) and I feel, if implemented, will
lead to a market of integrity, not exuberant greed.
Thank you for allowing this input.
Richard Stearns
[email protected].
