Comment Text:
10-005
COMMENT
CL-00653
From:
Sent:
To:
Subject:
Rick B echthold
Tuesday, April 13, 2010 9:48 PM
Metals Hearing
Metals Hearing
Commodity Futures Trading Commission
Three Lafayette Centre
1155 - 21 Street NW
Washington, DC 20581
Dear Chairman Gary Gensler and Commissioners;
I am writing this letter in response to your March 25 meeting regarding the metals markets.
I request the speculative position limit in COMEX Silver be reduced to between 1000 and 1500 contracts, to be
more consistent with the limits in other markets of finite supply.
Exemptions to these position limits should only be only granted to legitimate hedgers.
Action is required by the Commodity Futures Trading Commission to deal with the current unfair trading practice
where a large concentrated short position manipulates the price of silver on the COMEX.
Thank you for your efforts in investigating this matter.
Best regards
Rick Bechthold
Investor
Calgary, Alberta CANADA
