Comment Text:
10-005
COMMENT
CL-01613
From:
Sent:
To:
Subject:
[email protected]
Friday, April 9, 2010 11:56 AM
Metals Hearing
Silver/Gold Limits
Thanks 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.
Again, I'm writing you to please take some action on the blatant and obvious manipulation
of both the gold and silver market by the major banks. If all of these "shorts" were called
today, it could be the final card in this obvious "house of cards".
Sincerely,
Terry Cox
4720 N Cimarron Road
Las Vegas, NV. 89129
