Comment Text:
10-005
COMMENT
CL-00870
From:
Sent:
To:
Subject:
Clayton Davenport
Sunday, April 11, 2010 10:52 PM
Metals Hearing
Metals position limits
Dear sirs:
I appreciate the opportunity to comment on the issue of position limits
for precious metals. I believe the shear levels of concentration in Comex
silver futures contracts is extremely manipulative of price. Please
establish position limits of Comex silver of no more than 1500
contracts. Also please consider restricting any exemptions of these
limits to entities who are legitimate hedgers in the market.
I believe these moves will be very positive to the silver market, and
provide for a much fairer marketplace.
Thank you for considering these suggestions.
Sincerely,
Clayton Davenport
President, Russell Hardware, Inc.
506 E. Gibbs St.
Del Rio, Texas 78840
