Comment Text:
10-005
COMMENT
CL-01746
From:
Sent:
To:
Subject:
[email protected]
Friday, April 9, 2010 9:33 AM
Metals Hearing
COMEX Silver Position Limits
Dear Sir;
Thank for holding the previous hearing on position limits for precious metals and the the
opportunity to comment. It is my strong urging for the Commission to adopt a speculative
position limit in COMEX silver of no more than 1500 contracts. Please restrict any hedging
exemptions from those limits to legitimate hedgers.
I am only an individual, but have a substantial portion of my life savings in precious metals.
During the past several years, I have watched the value of my holdings fluctuate wildly due to
the extreme short positions which have been allowed to be placed by just a few large banks.
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,
Bradford J. Brady
Richmond, VA
