Comment Text:
10-005
COMMENT
CL-01074
From:
Sent:
To:
Subject:
Craig Teschke
Saturday, April 10, 2010 9:55 PM
Metals Hearing
Revelations From Your Hearings
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.
The previous paragraph is something I hope you have seen a lot of previously. Obviously it isa
format from an "interest group" and as such, only seems to garner attention when received in
large numbers.
From what I have seen of your hearings you should have ample leads to follow in what appears to
be a historic misuse of "the peoples" trust. Abraham Lincoln once responded to the the question
of government's purpose by saying, "government should do what people cannot do by individual
effort". It seems to me that you havea historic opportunity to start righting this wrong, limiting
the number of contracts controlled by one interest would be a good place to start.
I really appreciate your efforts, please continue before this gets way out of hand.
Sincerely,
Craig E. Teschke
