Comment Text:
10-005
COMMENT
CL-01201
From:
Sent:
To:
Subject:
Tom Phipps
Saturday, April 10, 2010 12:13 PM
Metals Hearing
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.
Sincerely,
Tommy Phipps
