Comment Text:
10-005
COMMENT
CL-01993
From:
Sent:
To:
Subject:
Brett Cloud
Thursday, April 8, 2010 1:06 PM
ted butler ; Metals Hearing
< metalshearing @CFTC.gov>
COMEX limits
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. Even just *maintaining* things as they are would ensure that situation
would not continue to get worse. And if you would allow the Silver shorts to NOT short any more
Silver contracts, I'd be happy to let them have an extended time to unwind their positions to ease
the shock of transition.
Sincerely,
Brett Cloud
