Comment Text:
10-005
COMMENT
CL-01911
From:
Sent:
To:
Cc:
Subject:
Ralph F. Spencer Jr 61
Thursday, April 8, 2010 9:25 PM
Metals Hearing
Ralph F. Spencer Jr 61
Precious Metal Position Limits
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
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,
Dick Spencer
dick. spencer. 61 @alum. dartmouth, org
