Comment Text:
10-005
COMMENT
CL-01109
From:
Sent:
To:
Subject:
Paco Farach
Saturday, April 10, 2010 5:53 PM
Metals Hearing
Position Limits in COMEX silver market.
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 current situation is not fair as it allows those with excessively large short
positions to manipulate the market to their favor.
Sincerely,
Francisco J. Farach
home: 954.435.8278
[email protected]
