Comment Text:
10-005
COMMENT
CL-01152
From:
Sent:
To:
Subject:
Patrick HUS
Saturday, April 10, 2010 2:07 PM
Metals Hearing
Manipulation in Silver
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 am a bit distressed that, up until the 25th of March when the truth was confirmed, a few
Banking organizations can bully this market to their, and only their, advantage. This
"fraud"
must not only be stopped NOW but the people involved should be prosecuted! No more talk
about the
"too big to
fail" or
"too big to be prosecuted".
It's past time to start doing the
"right thing". Makes you wonder how many bodies these people stepped on to get so
Big and apparently, bullet proof from accountability. Good grief!!!
Sincerely,
John Bailey
Business Owner
Mesa, AZ
