Comment Text:
10-005
COMMENT
CL-00498
From:
Sent:
To:
Subject:
J C Petti
Sunday, April 18, 2010 12:22 PM
Metals Hearing
Proposed Federal Speculative Position; Public Comments
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21
st
Street, NW
Washington, DC 20581
Attn.:Mr. David Stawick, Secretary
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 1500 contracts. Please restrict
any hedging exemptions from those limits as well 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. Request your office pursue regulatory efforts to insure a level playing field.
Thank you for all your efforts to improve the integrity of our markets.
Sincerely,
John C. Petti
