Comment Text:
10-005
COMMENT
CL-00865
From:
Sent:
To:
Subject:
Richard Fosnaugh
Sunday, April 11, 2010 11:42 PM
Metals Hearing
concentrated silver and gold short positions
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 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,
Richard A. Fosnaugh
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