Comment Text:
10-005
COMMENT
CL-01642
From:
Sent:
To:
Subject:
[email protected]
Friday, April 9, 2010 11:35 AM
Metals Hearing
Fwd: Position limits for precious metals trading
SUBJECT:
Recent hearings pn metals market trading and position limits
TO: CFTC
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. Also, please establish a speculative
position limit in COMEX gold of no more than 1500 contracts. Please restrict any hedging exemptions from those
limits to legitimate hedgers, requiring transparent public reporting of those positions. Please stop the levels of
concentration in COMEX silver futures and COMEX gold futures that have been experienced over the past few
years on the short side of the market.
Sincerely,
Scott P. Fleming
Accredited Individual Investor
[email protected]
Scott P Fleming
