Comment Text:
10-005
COMMENT
CL-00537
From:
Sent:
To:
Subject:
Atta c h:
benny martinez
Friday, April 16, 2010 3:26 PM
Metals Hearing
ref:Proposed Federal Speculative Position
CFTC letter.docx
Dear Mr. Stawick:
I am a silver investor and I am concerned about the documented concentrated short position held
byJPMorgan and a few other companies. The price of silver is manipulated by these companies to
cover their short positions. Asa silver investorI am very glad the CFTC is finally getting involved
in investigating this. Silver is very underpriced and is an incredible investment for the little man.
The companies that are stifling the price should fall under the same regulations that other metals
markets adhere too. Iam attaching a letter which Iwould like for your office to present as an
official document in your hearings.
Cordially,
Benny Martinez
1410
FM 2887
Ballinger, TX
76821
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See how.April 16, 2010
David Stawick, Secretary, CFTC
Three Layafatte Centre
1155 21StStreet NW
Washington, DC 20581
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.
Thank you for all your efforts to improve the integrity of our markets.
Sincerely,
Benny Martinez
