Comment Text:
10-005
COMMENT
CL-01187
From:
Sent:
To:
Subject:
Dan Ebert
Saturday, April 10, 2010 12:33 PM
Metals Hearing
Public Comment on COMEX position limits
Email-
[email protected]
Date
-
April 10, 2010
Postal
-
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Center
1155 21
st
Street NW
Washington, DC 20581
Dear Sir;
Thanks for the opportunity to comment on the issue of position limits for precious metals. Please
establish speculative position limits in COMEX silver and gold and others deemed necessary. I don't
know the magic number or formula needed for these limits, but I have confidence that the CFTC
can decide this. 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 firm believer in free markets, but when
large firms or a group acting as a unit can easily direct a market, it's no longer a free and fair
market place for the masses.
Sincerely,
Daniel Ebert
