Comment Text:
10-005
COMMENT
CL-01572
From:
Sent:
To:
Subject:
Steve Kootstra
Friday, April 9, 2010 12:39 PM
Metals Hearing
COMEX Silver position limits
Dear Sir;
I am in favor of the establishment equitable speculative position limits in COMEX silver, both
long and short. It looks to me like this should be in the area of 1500 contracts, maybe less.
Please restrict any hedging exemptions from those limits to legitimate hedgers. JP Morgan
Chase sure doesn't look like a legitimate hedger to me. Regardless, the levels of short
concentration in COMEX silver futures are way out of line and need to be corrected.
Thank you for the opportunity to comment on this.
Regards,
Steve
Kootstra
Email: [email protected]
Phone: (916) 771-3693
"When plunder becomes a way of life for a group of men living together in society, they create for
themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
-Frederic Bastiat
