Comment Text:
10-005
COMMENT
CL-01204
From:
Sent:
To:
Subject:
Mike Ambrose
Saturday, April 10, 2010 12:05 PM
Metals Hearing
Public comment, position limits
Dear Sirs;
Thank for the opportunity to comment on the issue of position limits for precious metals. I am
writing to urge you to 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 fearful that if unchecked, these reported excessive
short positions will lead to catastrophic consequences.
Sincerely,
William M. Ambrose
Information from ESET Smart Security, version of virus signature database 5015
(20100410)
The message was checked by ESET Smart Security.
http://www.eset.com
