Comment Text:
10-005
COMMENT
CL-01525
From:
Sent:
To:
Subject:
Dick Black
Friday, April 9, 2010 1:36 PM
Metals Hearing
Paper 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.
Obviously a form letter, but I do believe very strongly that silver that is not in existence, or at least
not in the seller's possession is being sold in very large quantities. Conversely many people think
they own silver but will eventually find out that they do not! The longer you wait to address this
situation the worse it will get.
Thank you for your attention.
R. E. Black- Kansas
