Comment Text:
10-005
COMMENT
CL-01691
From:
Sent:
To:
Subject:
Glenn Rung
Friday, April 9, 2010 10:33 AM
Metals Hearing
Position limits on speculative COMEX silver futures short positions
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
RE: Position limits on speculative COMEX silver futures short positions
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.
Sincerely,
Glenn k. Rung
2718 Bidwell Ct
Atwater, CA 95301
(209) 358-6631
[email protected]