Comment Text:
10-005
COMMENT
CL-01280
From:
Sent:
To:
Subject:
tjmac
Saturday, April 10, 2010 9:34 AM
Metals Hearing
Position limits for precious metals
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.
This is the second time I have contacted you to support these limits. Perhaps enforcement of the
existing limits would be easier to begin immediately? These absurd short positions must be halted.
Let the market work by the rules. Please.
Sincerely,
Timothy J McCarthy
