Comment Text:
10-005
COMMENT
CL-01206
From:
Sent:
To:
Subject:
Bob Nath
Saturday, April 10, 2010 11:59 AM
Metals Hearing
Please stop the levels of concentration in Comex silver futures
Dear Sir;
I would like to address the issue of position limits for precious metals, particularly silver. I think it
is in the best interests of all users of, and investors in, silver to establish a speculative position
limit in COMEX silver of no more than 1500 contracts. Also it is important for market fairness to
restrict any hedging exemptions from those limits to legitimate hedgers. There is a reason for
many persons and companies to limit their exposure to price fluctuations in silver by hedging.
In closing, I ask you to 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,
Robert Nath
Magnaflux Ouasar
5550 Midway Park Place
Albuquerque, New Mexico, 87109
505 247 9660 (ext. 112) office
505 459 4406 (mobile)
505 856 6288 (home)
+49 171 64 70 679 (Europe Mobile
