Comment Text:
10-005
COMMENT
CL-00758
From:
Sent:
To:
Subject:
Bruce Lindsay
Monday, April 12, 2010 2:51 PM
Metals Hearing
Secretary of the Commission
Commodities Futures Trading Commission
Three Lafayette Center
Washington, DC
I am 60 years old and have been involved in the financial/investment community
personally and professionally for 35 years.
Markets work best when they are open and liquid. The unnatural concentration in the
silver futures market has exceeded these natural limits
and become more than a speculative hedge to be used sparingly, specifically on the short
side of the market. Please establish a position limit
in silver contracts of no more than 1500 contracts, and restrict hedging exemptions to
legitimate users. The current unhealthy, and potentially
devastating, exaggerated positions in short contracts must not be allowed going forward.
Sincerely,
Bruce Lindsay
