Comment Text:
10-005
COMMENT
CL-01923
From:
Sent:
To:
Subject:
Robert Dillon
Thursday, April 8, 2010 6:27 PM
Metals Hearing
Position limits for precious metals
Att: Secretary of the Commission:
First of all, thank you for holding the March hearing regarding position limits for precious metals. It
was an eye-opener in many, many respects.
I also appreciate the opportunity to make my views known to the Commission, specifically regarding
silver. I believe a speculative position limit not exceeding 1,500 contracts should be established in
COMEX silver. Legitimate hedgers should receive exemptions, so long as they do not pose problems of
undue concentration.
The bulk of the short selling in COMEX silver futures during the past several years has been
concentrated in only a few banks, with J.P.Morgan the glaring example. It's high time such market
manipulation ends.
Sincerely/,
Robert M. Dillon
[email protected]
