Comment Text:
10-005
COMMENT
CL-00540
From:
Sent:
To:
Subject:
Jerry Stuart
Friday, April 16, 2010 2:01 PM
Metals Hearing
Proposed Federal Speculative Position
Dear Mr. Stawick,
Thank you for the opportunity to express my opinion on the issue of position limits with regards to
precious metals. I feel a position limit of no more than 1500 contracts in COMEX silver would curb
speculative excesses that appear to be occurring. Please also consider restricting 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.
I see on the news today fraud charges against Goldman Sachs brought by the SEC. I feel that your
efforts to curb excess speculation in the precious metals market would be a step to repair the integrity of
our market system. Thank you.
Yours truly,
Gerald L. Stuart
