Comment Text:
10-005
COMMENT
CL-00443
From:
Sent:
To:
Subject:
Ed Leafy
Tuesday, April 20, 2010 8:59 AM
Metals Hearing
Proposed Federal Speculative Position
David Stawick, Secretary, Commodity
Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street, NW
Washington, DC 20581
Ed Leary
659 Tremont Greens Lane
Sun City Center, FL 33573
Dear Sir,
Thank you for giving me the opportunity to comment on the issue of position limits for
precious metals.
I am writing you to request that you please establish a speculative position limit in
COMEX silver of no more than 1500 contracts, and please also restrict any hedging
exemptions from those limits as well to legitimate hedgers. In addition, 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.
Thank you for all of your efforts to improve the integrity of our markets.
Sincerely,
Ed Leary
President
Futeck.com
