Comment Text:
10-005
COMMENT
CL-01212
From:
Sent:
To:
Subject:
[email protected]
Saturday, April 10, 2010 11:43 AM
Metals Hearing
Position limits for precious metals and restrictions of hedging exemptions
Dear Sir or Madam:
Thank for the opportunity to comment on the issue of position limits for precious metals. In the
interest of free markets 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.
It is in the best interest of the country for markets to work freely, especially with repect to
strategic metals. Clearly, silver isa strategic metal, and its supply side has been severely distorted
by the concentrated short positions. Thank you for your attention to my request and for your
efforts in this area.
Sincerely,
Paul S. Douglas
