Comment Text:
10-005
COMMENT
CL-01019
From:
Sent:
To:
Subject:
Daphne Leavitt
Saturday, April 10, 2010 2:21 PM
Metals Hearing
Re: Precious metals 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. We never know
whether to be long or short on gold and silver based on fundamentals because we never know when the bullion
banks are going to slam the price into the ground with their unfair (criminal?) behaviour. This should not be
allowed to continue.
Sincerely;
Daphne Blake-Leavitt & S. Ray Leavitt
