Comment Text:
10-005
COMMENT
CL-00686
From:
Sent:
To:
Cc:
Subject:
The Caugheys
Tuesday, April 13, 2010 1:29 PM
Metals Hearing
[email protected]
Position Limits in COMEX silver
4/12/10
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Center
1155 21st Street NW
Washington, DC 20581
Dear Secretary,
I watched the CFTC hearings on position limits and spent quite some time trying to understand the issues under
consideration. I appreciate this opportunity
to comment on the COMEX trading of silver and gold.
It is blatantly apparent to me that the large short positions in gold and silver are indeed manipulative, and must be adjusted
down significantly.
Any comparable positions of this magnitude in other futures markets such as the oil market or the bond market would be
considered outrageous and
unacceptable.
The silver market in particular requires position limits, and I would suggest you establish a speculative position limit in
COMEX silver of no more than
1500 contracts.
Thank you again for your consideration. I look fo~vard with great anticipation to your response.
Sincerely,
Curtis Caughey
361 Rue Marseille
Kettering, Ohio 45429
[email protected]
