Comment Text:
10-005
COMMENT
CL-01823
From:
Sent:
To:
Subject:
Martin Bernecker
Friday, April 9, 2010 7:13 AM
Metals Heating
Position limits for precious metals
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.
Any unproportional concentration avoids a correct working of market mechanisms.
Sincerely,
Martin Bernecker
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