Comment Text:
10-005
COMMENT
CL-01124
From:
Sent:
To:
Subject:
JOHN LAPORTE
Saturday, April 10, 2010 4:37 PM
Metals Hearing
Gold and Silver Manipulators
Dear Sir;
As someone who has lost several hundred thousand dollars in the fraud
brought about by 3P Morgan and other manipulators T 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 and gold futures that have been
experienced over the past few years on the short side of the market.
One RECOMMENTATTON is that any bank or organization that has been
found guilty of illegally shorting the market should be prohibited from
ever buying or selling future contracts. And any contracts they now
have, they should be made to close them all out.
I pray that you have the moral courage to resolve this problem.
Sincerely,
John B LaPorte
Email - [email protected]
Postal - Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Fax - 202-418-5521
