Comment Text:
10-005
COMMENT
CL-01412
From:
Sent:
To:
Subject:
tyrone bennett
Friday, April 9, 2010 6:41 PM
Metals Hearing
To whom it may concern;
I am grateful for the opportunity to comment in response to the hearing on position limits for
precious metals. I fully support the CFTC in setting reasonable position limits that would prevent
excessive speculation and concentration. It has been proposed that speculative position limits be
set at 1500 contracts for Comex silver. I fully support this level, and deem it appropriate and
necessary. The CFTC should restrict any hedging exemptions from those limits to legitimate
hedgers. The levels of short side concentration in COMEX silver futures over the past few years has
been tremendous. Please take action immediately. If there has been evidence of manipulation in
the past, please punish responsible parties appropriately. I fully support Chairman Genslerand the
rest of the commission in seeking international (LBMA specifically) cooperation in terms of position
limit enforcement.
Sincerely,
Ty Bennett
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