Comment Text:
10-005
COMMENT
CL-01570
From:
Sent:
To:
Subject:
[email protected]
Friday, April 9, 2010 12:43 PM
Metals Hearing
Position Limits in Silver
Dear Sir;
Thank you 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.
I surely appreciate the pressure that is likely being brought to bear in not enacting these changes.
I believe the integrity of these markets depends on courageous action and everything I've seen
and heard so far leads me to believe you are capable of such courage.
Sincerely,
John Gambale
