Comment Text:
10-005
COMMENT
CL-01554
From:
Sent:
To:
Subject:
Bill Graham
Friday, April 9, 2010 12:59 PM
Metals Hearing
position limits for COMEX silver
Secretary of the Commission
Commodity Futures Trading Commission
Dear Commissioners:
I understand that the Commission is considering the need for position limits for COMEX silver. I wish
to support the view of Ted Butler and others that a limit of no more than 1500 contracts be
established and that hedging exemptions be seriously restricted. My understanding is that the market
is manipulated by a few very large traders with short positions and this seems contrary to the spirit of
a free market. I hope you can do something to level the playing field for small investors in precious
metals.
Sincerely,
Bill Graham
Burns Lake, BC, Canada
