Comment Text:
10-005
COMMENT
CL-00986
From:
Sent:
To:
Subject:
[email protected]
Saturday, April 10, 2010 7:45 PM
Metals Hearing
Position Limits
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals. It is
grossly unfair to allow a couple of banks (or any traders) to be so short the silver market as
to dominate one side of the trade. 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.
Sincerely,
William D. Gmiterko
Minneapolis, MN
