Comment Text:
10-005
COMMENT
CL-00483
From:
Sent:
To:
Subject:
Darren Abramson
Monday, April 19, 2010 1:35 AM
Metals Hearing
Silver Regulations
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 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. It's my opinion (and that of many of my colleagues) that these concentrated short positions have
limited liquidity and artificially supressed the "fair" market price of silver.
Sincerely,
Darren Abramson
