Comment Text:
10-005
COMMENT
CL-01504
From:
Sent:
To:
Subject:
George Freidkin
Friday, April 9, 2010 2:00 PM
Metals Hearing
Position Linits Comments
To the Commodity Futures Trading Commission Commissioners.
Dear Sirs;
I would like to take this opportunity to comment on position limits for precious metals. The CFTC
needs to set speculative position limits for all metals. In silver, it should be no more than 1500
contracts. Also, please allow only legitimate hedgers to be exempt from the position limits. Please
put a stop the high concentrations of COMEX silver short positions (futures) that we have
consistently seen during the past few years in the markets. I believe that these actions are
desperately needed to help assure the integrity of the markets, and avoid the kinds of fraudulent
market manipulations which were confirmed during your recent hearings. Thank you for your
concern, courage, and consideration.
Sincerely,
George Freidkin
