Comment Text:
10-005
COMMENT
CL-01059
From:
Sent:
To:
Subject:
Ronald E. Baker
Saturday, April 10, 2010 11 : 17 PM
Metals Hearing
Position Limits For Precious Metals/COMEX Silver
4056 Hickory Ave.
Baltimore, M D-21211
April 10, 2010
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW Washington, DC 20581
Dear Sir;
Thank you for the opportunity to comment on the issue of position limits for precious metals; in
particular silver contracts.
I am asking you to 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.
Furthermore, please take action to 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. Only a few
major companies/traders have participated in the vast majority of all short trades.This is not
fair and is anti-competitive to free market functioning.
Sincerely yours;
Ronald E. Baker
Email - [email protected]
