Comment Text:
10-005
COMMENT
CL-01150
From:
Sent:
To:
Subject:
[email protected]
Saturday, April 10, 2010 2:02 PM
Metals Hearing
Market Risk
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. It is also well known now that these "Commercial Shorts" don't have the
metal to play anymore and are placing the entire market structure at SIGNIFICANT risk.
Please Take action NOW!!
Sincerely,
Lee Tandus