Comment Text:
10-005
COMMENT
CL-00876
From:
Sent:
To:
Subject:
jim stowell
Sunday, April 11, 2010 10:22 PM
Metals Heating
Exceptions to postition limits
Dear Sir;
fohank for the opportunity to comment on the issue of posit!on limits
r precious metals. Please establish a speculative position limit in
COMEX silver of no more than 2500 co~ntract.s either long o.r short.
.Please restrict any hedging.exemptions trom those position li.rnits to
legitimate hedgers, andto the extent exemptions are permitecl to
those limits by varifiable "legitimate hedgers" the shorts amon~ them
should be required to show warehouse receipts and the longs 100%
cash for purchase.
Please stop the levels of conc.entratio~n in COMEX silver futures that
hav.e been .ex.perienced over the past tew years on the short si~d.e of the
mar.ket and
that
I believe have been part of a manipulation ot- the
.
market effectively robbing those who invest in the silver market and
related shares.
Sincerely,
Jim Stowell
