Comment Text:
10-005
COMMENT
CL-01516
From:
Sent:
To:
Subject:
Jim Galbreath
Friday, April 9, 2010 1:50 PM
Metals Hearing
establish a speculative position limit in COMEX silver
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals. Please
establish a speculative position limit in COMEX silver of no more than 1500 contracts. Please
restrict any hedging exemptions from those limits to legitimate hedgers. 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.
In closing please establish requlations that allow the metal pricing to rise or fall based on free
enterprise without one's ability to buy and sell shorts at will which does impact prices daily in the
short positions number that exists w/o regulation today.
Sincerely,
Jim Galbreath
