Comment Text:
10-005
COMMENT
CL-00766
From:
Sent:
To:
Subject:
Bruce Bradley
Monday, April 12, 2010 1:50 PM
Metals Hearing
Secretary of the Commission
Dear Sir;
I have been inverting in precious metals for nine years; physical, miners, and contracts. I was
disturbed by recent testimony of a PM trader who cited deliberate collusion to manipulate the free
markets.
Thank for the opportunity to comment on the issue of position limits for precious metals. Please
establish a speculative position limit in COMEX silver of no more than 1500 contracts. Please
restrict any hedging exemptions from those limits to legitimate hedgers. Please stop the levels of
concentration in COMEX silver futures that have been experienced over the past few years on the
short side of the market.
Sincerely,
Bruce Bradley
CEO & Founder
Cantilever Research, LLC
