Comment Text:
10-005
COMMENT
CL-00531
From:
Sent:
To:
Subject:
Nigel Bray
Friday, April 16, 2010 5:46 PM
Metals Hearing
Position Limits for a fair and free market
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Dear Sirs,
Re: Position Limits for a fair and free market.
I am writing regarding the issue of position limits for precious metals.
I respectfully request in the interests of a fair and free market, you
consider stopping the levels of concentration on the short side of the
COMEX silver futures market that have been experienced over the past
years.
To this end I would kindly request you give due consideration to
establishing a speculative position limit in COMEX silver of no more
than 1700 contracts and where applicable, restricting any hedging
exemptions from those limits only to legitimate hedgers.
Best Regards
Nigel Bray
