Comment Text:
10-005
COMMENT
CL-01336
From:
Sent:
To:
Cc:
Subject:
Roger Altman
Saturday, April 10, 2010 6:56 AM
Metals Hearing
Ted Butler
Please establish a speculative position limit in COMEX silver of no more than
1500 contracts
Dear Sir;
Thank you for the opportunity to comment on the issue of position limits for precious metals. As my Subject Title
indicates, please establish a speculative position limit in COMEX silver of no more than 1500 contracts.
Testimony by several speakers during your March 25, 2010 hearing have made it clear to me that the highly
concentrated short position of "bullion banks" is manipulative on its face, and even more to the point, has been
responsible (as demonstrated by GATA and others) for the "take-down" tactics that have dropped silver and gold
prices precipitously at the exact moment when market-moving, governmental reports have been made public.
Please restrict any hedging exemptions from those limits to legitimate hedgers, and not include bullion banks for
the exact reasons I provide above.
Sincerely,
Dr. Roger Altman
