Comment Text:
10-005
COMMENT
CL-00691
From:
Sent:
To:
Subject:
Eugene Flanagan
Tuesday, April 13, 2010 11:40 AM
Metals Heating
CFTC Heating of March 25, 2010 - Comments on Matters Addressed
Dear Sir or Madam:
I am an individual investor in gold and silver. I wish to express my support for position limits on gold and silver on the
COMEX, with exemptions only for legitimate hedgers.
In particular, I do not regard the activities of JP Morgan Chase in taking naked short positions in precious metals as
legitimate. I believe these activities distort the ability of the market to accurately reflect the true equilibrium of supply and
demand for physical metal, and are grossly unfair to investors. I hope that the CFTC will set such limits that will have the
effect of rendering these activities ineffective to manipulate prices.
Thank you for the opportunity to comment on these matters.
Respectfully submitted,
Eugene L. Flanagan
19 Juniper Place
Wilton, CT 06897
