Comment Text:
10-005
COMMENT
CL-00635
From:
Sent:
To:
Subject:
John Rainey
Wednesday, April
14, 2010 5:06 AM
Metals Hearing
COMEX
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Dear Sir;
Thank you for the opportunity to comment on the issue of position
limits for precious metals following the recent CFTC public hearing on
the 25th March last.
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.
Yours sincerely,
John D Rainey
