Comment Text:
10-005
COMMENT
CL-00949
From:
Sent:
To:
Subject:
James Young
Sunday,
April 11, 2010 12:34 PM
Metals Hearing
Precious metals position limits, hedging exemptions, and concentration in silver
futures
Dear Sir;
Thank you for the opportunity to comment on the issue of position limits
for precious metals. Please do the right thing to protect the public
interest by establishing 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 extreme levels
of concentration in COMEX silver futures that have been experienced over
the past few years on the short side of the market. I am a disabled
veteran who believes my and others savings would be best served by a
truly free and open metals market. It is time to level the playing field.
Sincerely,
James Young
