Comment Text:
10-005
COMMENT
CL-02000
From:
Sent:
To:
Subject:
[email protected]
Thursday, April 8, 2010 12:44 PM
Metals Hearing
Position Limits in Precious Metals
Dear Sirs,
Thank you 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 such as
Miners who are marketing actual metal, not Banks posing as hedgers
for the purpose of establishing naked shorts. Furthermore, 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,
Charles Levine
