Comment Text:
10-005
COMMENT
CL-01640
From:
Sent:
To:
Subject:
[email protected]
Friday, April 9, 2010 11:37 AM
Metals Hearing
Criminal silver manipulation
Dear Sir;
I want to thank the CFTC for the hearing on the 25th of March on position limits on precious
metals, especially silver.
I would also like to 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.
Do you remember the Hunt Brothers, and what they tried to do to corner the silver market?
Sincerely,
Ronald Hanna,
Moreno Valley, Ca.