Comment Text:
10-005
COMMENT
CL-00746
From:
Sent:
To:
Subject:
David Schlereth
Monday, April 12, 2010 4:24 PM
Metals Hearing ; Chilton, Bart
< [email protected]>; Gensler, Gary < [email protected]>;
Lavik, A. Roy ; Sommers, Jill
; Dunn, Michael ;
Obie, Stephen J. ; [email protected]
COMEX position limits for Silver (and Gold too !)
Please establish a speculative position limit in COMEX Silver of no more than 1000 contracts.
Please resolve the relatively HUGE (and manipulative) concetration of COMEX Silver futures
contracts on the short side held by a few large banks (JP Morgan, HSBC, etc.).
Please revoke the illegitimate exemptions to these limits that have been granted to these banks by
the CME group.
Please restrict any hedging exemptions from those limits to legitimate hedgers.
Sincerely,
Dr. David Schlereth
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