Comment Text:
10-005
COMMENT
CL-01167
From:
Sent:
To:
Subject:
kirk mensch
Saturday, April 10, 2010 1:24 PM
Metals Hearing
CFTC Hearing follow up
Dear Sirs and Madame,
Thank for holding the recent hearing on metals and also for the opportunity to comment on the issue
of position limits for precious metals. I believe that is enormously important to establish a speculative
position limit in COMEX silver of no more than 1500 contracts to prevent manipulation. Please restrict
any hedging exemptions from those limits to legitimate hedgers and not to big pocket organizations
that distort the market. 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.
As a small investor in the precious metals arena I want to be assured that the governmental agency
that is in charge of preventing criminal and manipulative activity in all commodities markets is indeed
taking the correct steps to allow for fairness for all parties, not just the big pocket hedgers.
Thank you for your time and I hope that your team can act on all the testimony that has placed before
you.
Sincerely,
Kirk Mensch
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