Comment Text:
10-005
COMMENT
CL-00806
From:
Sent:
To:
Subject:
Petraschek
Monday, April 12, 2010 9:48 AM
Metals Hearing
WG: European Investors and miners, James Turk is thinking, millions also
Sekret~r der Kommission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21 st Street NW
Washington, DC 20581
Email: [email protected]
Dear Sir;
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 1000/1500
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.
With great respect to your responsibility, for all European Investors and for us miners, it is
an ongoing Issue and of vital interest to returne to a regulated market.
Sincerely, James Turk is thinkingand millions all over the world also ....
"The revelations from the CFTC hearing are earth-shaking, and indeed a 'new dynamic' has
emerged. The gold cartel now has a big target painted on its forehead. One can never predict
the future, but it seems to me that as this news about the gold cartel's huge naked short
position spreads, two things will happen. It is inevitable that the big traders and hedge funds
will push the naked shorts to the waft by asking for physical metal.
We could therefore see more hedge funds switching out of GLD fike Greenlight Capital did
and many others including ASIA.
Johann Petraschek
Kinbach 4
D-88138 SlGMARSZELL
GERMANY
[email protected]
