Comment Text:
10-005
COMMENT
CL-01418
From:
Sent:
To:
Subject:
Will Reishman
Friday, April 9, 2010 5:44 PM
Metals Heating
re:
PM Posiiton
Limits
Dear Sir:
I appreciate the opportunity for members of the public to comment in this matter- position limits
for precious metals, it seems to me from the reports that I have read the recent day of testimony
on this issue ahve revealed at the very least abuse of the lax regulation that has prevailed on the
COMEX for years. I am strong believer in free markets, but when some participants to a market
can sue the unique influence of their size to unfairly tilt the trading environment to their
advantage, you end up with cartel-like dynamics. That is no longer a free market, and it is
unAmerican to the core.
Therefor I request that you please establish a speculative position limit in COMEX silver of no more
than 1500 contracts. Also, please limit hedging exemptions to truly legitimate hedgers.
There is absolutely no natural market justification for the levels of concentration in COMEX silver
futures that we have seen in recent years on the short side of the market. Please use the full
authority of your office to stop this abuse.
Sincerely,
Will Reishman
Registered Investment Advisor
CobyLamson Capital Mgmt
835A Alder Creek Drive
Medford, OR 97504
541-773-7774
