Comment Text:
10-005
COMMENT
CL-00600
From:
Sent:
To:
Subject:
Bill Collins
Wednesday, April 14, 2010 7:21 PM
Metals Hearing
Proposed Federal Speculative Position
Gentlemen:
I have followed this issue fora number of years, especially as set forth by Mr. Ted Butler. While
attempts have been made to refute his position, it seems to me that the logic of his arguments for
position limits is irrefutable. Therefore, I believe the suggested limit of 1,500 contracts in COMEX
silver is a reasonable limit and should be instituted as soon as possible to do so without disrupting
the market. Additionally, exemptions from this limit should be restricted to legitimate hedgers.
I believe, as Mr. Butler has so vividly pointed out, that concentration is prima facia evidence of
manipulation and should not be allowed. Please do your duty and eliminate the concentration that
has existed for many past years.
Thank you for your efforts to restore the integrity of the silver market.
William M. Collins
10412
Countryside Dr.
Denton, TX 76207
