Comment Text:
10-005
COMMENT
CL-01808
From:
Sent:
To:
Subject:
secretary
Friday, April 9, 2010 8:27 AM
Metals Hearing
FW: CFTC Enforcement of Position Limits in the Precious Metal Market
From:
James Mulkey [mailto:[email protected]]
Sent:
Friday, April 09, 2010 6:43 AM
To:
secretary
Subject:
CFTC Enforcement of Position Limits in the Precious Metal Market
Commodity Futures Trading Commission
A-I-I-N: Commission Secretary
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Dear Sir,
As a concerned citizen and investor, I watched with interest the CFTC Hearing concerning position
limits in the precious metals market. It is important to end the practice of price suppression of
silver and gold by a few large players through their purchase of large short positions. 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,
Deborah L. Mulkey
Roswell, NM