Comment Text:
10-005
COMMENT
CL-00710
From:
Sent:
To:
Subject:
Tate Ulsaker
Tuesday, April 13, 2010 4:35 AM
Metals Hearing
Position Limits on Precious Metals at COMEX
Dear Sir;
Thank you for asking for comments on the issue of position limits for
precious metals.
I am especially concerned about position limits in COMEX on silver held
by in concentrated hands of between 1 and 4 entities.
I believe that a fair level of contracts for any one entity to hold should
be no more than 1500 contracts because this amount is similiar to limits
placed on other commodities in terms of available market supply.
Please restrict any hedging exemptions from those limits to legitimate
hedgers.
Please stop the levels of concentration in COMEX silver futures by such
entities as JP Morgan and Goldman Sachs that have no reason to be
global giants of naked paper shorts other than to manipulate the market.
Please investigate and prosecute any illegal acts done by entities such as
JP Morgan and Goldman Sachs who have whistleblowers giving
us convincing proof of manipulation as if these companies have
been consistently acting above the law for many years already.10-005
COMMENT
CL-00710
Please do you job for both the American people and all of the average
traders world-wide who wish to preserve the legitimacy and fairness of
the CFTC and COMEX.
Sincerely,
Tate UIsaker
Commoities Investor
