Comment Text:
10-005
COMMENT
CL-00962
From:
Sent:
To:
Subject:
louis henderson
Sunday,
April 11, 2010 11:26 AM
Metals Hearing
Position Limits for Precious Metals
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. Price manipulation by big banks and deep pockets is not good for the market.
Transparency is also important. Haven't we learned something from the mortgage madness?
Regards,
Louis Henderson
