Comment Text:
10-005
COMMENT
CL-01709
From:
Sent:
To:
Subject:
Tom Watts
Friday, April 9, 2010 10:10 AM
Metals Hearing
Goverment sanctioned bullion bank manipulation of metals market
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals
The ongoing manipulation of the Gold and silver markets by a handful of bullion banks is obviously indirectly
sanctioned by the government as evidenced by its inaction. This is destroying any residual confidence that the
government has any real intention to protect investors.
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,
Thomas K Watts
