Comment Text:
10-005
COMMENT
CL-01585
From:
Sent:
To:
Subject:
Gale Ormiston
Friday, April 9, 2010 12:25 PM
Metals Hearing
Enforcement of Comex Metals Trading
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. And please enforce the rules already in place and do it fairly for all.
Failure to do so could result in a loss of integrity and total collapse of this important market. No
one wants that to happen.
Sincerely,
Gale Ormiston
