Comment Text:
10-005
COMMENT
CL-01519
From:
Sent:
To:
Subject:
RAY ELLIOTT
Friday, April 9, 2010 1:42 PM
Metals Hearing
Speculative Limits
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.
As an 80 year old small scale silver investor, I urge you to take action now to prevent more
damage to our already weakened economy. We small investors need protection from the
actions of the speculators.
Thank you,
Raymond H. E\lliott
01960
