Comment Text:
10-005
COMMENT
CL-01072
From:
Sent:
To:
Subject:
Jeanne Gray
Saturday, April 10, 2010 9:24 PM
Metals Hearing
Silver position limits
Dear CFTC:
Dear CFTC:
I agree totally with the following comments. However, I also feel that you are about to get run over by a truck called
demand--from China who needs it for wind power, individual investors, etc. I think that you should act quickly so that you
don't look as bad as the SEC with Bernie or Brownie with FEMA when the silver shorts are seen swimming naked.
Thank you 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.
Sincerely,
Jim Gray
