Comment Text:
10-005
COMMENT
CL-01098
From:
Sent:
To:
Subject:
David Matt
Saturday, April 10, 2010 7:40 PM
Metals Hearing
Position limits for precious metals
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.
I believe that it is disgrace that JP Morgan has been allowed to manipulate the silver market to such a
great extent. Please do everything in your power to make a level playing field so that the small guys like
me have a chance to profit just like the big guys.
Sincerely,
David Matt
1509 Woodside Circle
Fairfield IA 52556
