Comment Text:
10-005
COMMENT
CL-01130
From:
Sent:
To:
Subject:
dave hochhalter
Saturday, April 10, 2010 3:49 PM
Metals Hearing
metals position limits
Dear Sirs:
I am writing a short note to ask that you establish position limits on futures trading at the
COMEXin gold and silver--especially silver. Idon't know what that limit should be, but the amount
of contracts (short) by especially JP Morgan and HSBC has to qualify as manipulative. I have seen
charts of annual production of various commodities and silver by far has the largest short position
compared to annual production. Ican bet there would be action if this concentration was on the
long side (Hunt brothers 1979-80) Iama small investor who periodically takes positions in GLD
and SLVand I can't help but feel the deck is stacked against me. Thank you for reading this.
Dave Hochhalter, Racine, WI.
The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail.
Get busy.
