Comment Text:
10-005
COMMENT
CL-01221
From:
Sent:
To:
Subject:
Jwaba 1408@aol. com
Saturday, April 10, 2010 11:26 AM
Metals Hearing
Position Limits on Precious Metals
Dear Sir
I appreciate your giving me this opportunity to comment on the issue of position limits for
precious metals. I have been a small investor in precious metals and mining stocks for
a number of years and have followed the effects in their values by the large number of short
contracts made by the bullion banks in Silver and Gold. The bank's shorts have had a
negative impact on the value of my precious metal securities. I ask that you please establish
a position limit in COMEX Gold and Silver contracts so as to prevent what has been occurring.
For your information I am 82 years of age, currently married for 62 years, worked for a natural
gas company for 37 years and believe in doing what is right. Therefore, I beg you to do what
is right in establishing position limits in COMEX Gold and Silver contracts which will stop the
levels of concentrations in COMEX Gold and Silver futures that have been experienced over
recent years on the short side of the market.
Thanks for your consideration in this matter.
Sincerely
James W. Asbury
1408 Lazy Ln
Longview, TX 75604
[email protected]
