Comment Text:
10-005
COMMENT
CL-01597
From:
Sent:
To:
Subject:
Targe Lindsay
Friday, April 9, 2010 12:12 PM
Metals Hearing
Position limits
...
Dear Sir;
Regarding the issue of position limits for precious metals, I think it is essential for a law abiding
market and it oversight to establish a speculative position limit in COMEX silver. Somewhere
between 1000 and 1500 contracts would solve the problems that naked shorts have prompted in
recent years. Restriction of hedging exemptions from those limits to legitimate hedgers is also
essential IMO.
No doubt you know how the market has been manipulated in the past. Hopefully,
you will fulfill your obligations to our country and to the market to see that such manipulation is
stopped soon.
Trusting you, Targe Lindsay
