Comment Text:
10-005
COIMMENT
CL-01926
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 6:13 PM
Metals Hearing
Comment on the Issue of 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.
I may not be the largest trader of metals, but regardless of whether metal prices were one penny
or thousands of dollars an ounce, I would like to take comfort in knowing I won or lost in a fair
market.
Sincerely,
Tom Howze
