Comment Text:
10-005
COMMENT
CL-00891
From:
Sent:
To:
Subject:
maureen brod
Sunday, April 11, 2010 8:25 PM
Metals Hearing
Position Limits
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.
Let supply and demand determine prices. With position limits, parties/counter parties may actually be
able to meet contract terms and settle in physical metal if so desired. Unlike today where cash would be
necessary in worse case scenarios.
Sincerely,
Don Brod