Comment Text:
10-005
COMMENT
CL-00690
From:
Sent:
To:
Subject:
Steve Mumm
Tuesday, April 13, 2010 11:58 AM
Metals Hearing
silver metals position limits/exemptions
Dear Sir;
I am grateful to you and your colleagues for the opportunity to comment on the issue of position
limits for silver and other precious metals. The most sensible idea is to place a speculative
position limit in COMEX silver of no more than 1500 contracts and to restrict any hedging
exemptions from those limits to legitimate hedgers. My main plea is to stop the unacceptable
levels of concentration in COMEX silver futures on the short side of the market that have taken
place for years now.
Sincerely,
Stephen Mumm
