Comment Text:
10-005
COMMENT
CL-01458
From:
Sent:
To:
Subject:
Hill, Clayton
Friday, April 9, 2010 3:30 PM
Metals Hearing
Position Limits and Concentration in COMEX Silver and Gold
Dear Sir,
Re: Position Limits and Concentration in COMEX Silver and Gold
Thank for the opportunity to comment on the issue of position limits for precious metals.
I believe that there are three actions that can be carried out by the CFTC which will effectively
end the alleged manipulation of the gold and silver price, and I hereby request that they be
instituted as soon as possible:
(1) Please establish a speculative position limit in COMEX silver of no more than 1500
contracts.
(2) Please restrict any hedging exemptions from those limits to legitimate hedgers.
(3) 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.
Sincerely,
Clayton Hill
2252 N 44
th
St,
Apt 2023,
Phoenix, AZ 85008
