Comment Text:
10-005
COMMENT
CL-00478
From:
Sent:
To:
Subject:
secretary
Monday, April 19, 2010 7:20 AM
Metals Hearing
FW: COMEX PM Limits
From:
Mike Greytak [mailto:[email protected]]
Sent= Sunday, April 18, 2010 1:06 AM
To=
secretary
Subject= COMEX PM Limits
Dear Sir;
Thank you, for making the March 25 hearing available to all.
I especially need to thank the commission for the opportunity to comment on the issue of position limits
for precious metals. The unlimited shorting of PMs grossly distorts the market and must be stopped.
Please establish a speculative position limit in COMEX silver of no more than 1500 contracts. Please
restrict any hedging exemptions from those limits 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.
Sincerely,
Michael Greytak
