Comment Text:
10-005
COMMENT
CL-00793
From:
Sent:
To:
Subject:
ROBERT DAVIES
Monday, April 12, 2010 10:44 AM
Metals Hearing
Position limits for precious metals.
Dear Sir,
Thanks you the opportunity to comment on the issue of position limits for precious metals.
The following comments refer to COMEX silver and I strongly believe that these three issues need
addressing immediately.
1. Please establish a speculative position limit in COMEX silver of no more than 1500 contracts.
2. Please restrict any hedging exemption from these limits to legitimate hedgers.
3. 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,
Robert W. Davies.
Robert William Davies
23, Guffitts Rake
Meols
Wirral
Merseyside
United Kingdom
CH47 7AH
