Comment Text:
10-005
COMMENT
CL-00783
From:
Sent:
To:
Subject:
tommarionh@aol, corn
Monday, April 12, 2010 11:57 AM
Metals Heating
Position limits-precious metals
Gentlemen:
Thanks for the opportunity to comment on the precious metals position limits issue.
In my opinion, precious metals should have speculative position limits which are reasonable and
proper like other commodities. I am especially interested in COMEX silver and feel that something
around 1500 contracts would be appropriate. Indeed, exceptions to that limit would be allowed
to legitimate hedgers only and not speculators.
Please see to it that the extreme concentration on the short side of COMEX silver futures is not
allowed to continue and that silver futures on the COMEX are allowed to seek their own market price.
Thanks for the outstanding work done so far. I am sure you have had to swim upstream against
some very strong currents.
Sincerely,
Thomas F. Huene
2077 Charter Point Drive
Arlington Heights, IL 60004
(847) 577-6950
