Comment Text:
10-005
COMMENT
CL-00609
From:
Sent:
To:
Subject:
j [email protected]
Wednesday, April 14, 2010 4:17 PM
Metals Hearing
Comment to the issue of position limits for precious metals
To the
Secretary of Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21 st Street NW
Washington, DC 20581
Dear Sir;
Thanks for the opportunity to comment on the issue of position limits for precious metals.
Although I live in Germany I would like to ask you for the following:
Please establish a speculative position limit in COMEX silver of no more than 1500 contracts.
Please restrict any hedging exemptions from those limits 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 very much for your efforts.
Sincerely,
Werner K16pel
Heitersheim
Germany
