Comment Text:
10-005
COMMENT
CL-01050
From:
Sent:
To:
Subject:
John Kozon
Sunday, April 11, 2010 12:07 AM
Metals Hearing
Re: silver shorting on the Comex
Dear Sir
:I am delighted to have the chance to express my concern in regard to the excessive
uncovered shorting of silver on the Comex Exchange. As Americans, we expect everyone
to play fairly in sports, in business and in daily living activities.
I do not see this fair play in the activities of the "big players", who have abundant
resources to
set up excessive short positions in the silvers futures markets and thus prevent the price of
silver to rise in conjunction with gold.
Historically, 16 oz of silver should purchase one oz of gold. Now and for several years it
takes 60 oz of silver to purchase one oz of gold. This market unbalance is caused by the
silver shorters.
I understand that it is within your power to set limits on short positions held by one
agency. Hence I request that you do your utmost to reestablish fair play in this market
Grateful for the opportunity to express my concerns on this matter,I remain
Sincerely yours,
!ohio Kozo~¢
