Comment Text:
10-005
COMMENT
CL-01081
From:
Sent:
To:
Subject:
[email protected]
Saturday, April 10, 2010 9:09 PM
Metals Heating
Position Limits
Dear Sirs,
I wish to thank the CFTC for considering how best to rectify the enormous imbalances between the buying and
selling of gold and silver contracts on the COMEX. I ask that you please establish a position limit in COMEX silver
of no more than 1500 contracts. I ask that you also establish a similiar appropriate limit in COMEX gold. Please
restrict any hedging exemptions from these limits to legitimate hedgers. Please stop the massive levels of
concentration in COMEX silver and gold futures that have taken place in recent years on the short side of the
market. I encourage the CFTC to seize this historic opportunity to set America's futures' metals markets on a
sound basis.
Sincerely,
Russell Morano
