Comment Text:
10-005
COMMENT
CL-02005
From:
Sent:
To:
Subject:
IRW1N McCUMBER
Thursday, April 8, 2010 12:26 PM
Metals Hearing
Gold and Silver position limits
Dear Commission Members;
Thank you for the opportunity to comment on the issue of position limits for precious metals. My
feeling is that it is imperative that we as a free society be able to invest in markets that are not
"rigged" or dominated by a few powerful individuals or organizations. Pursuant to attaining such a
free market, please seize this opportunity to do the right thing for our country and establish a
speculative position limit in COMEX silver of no more than 1500 contracts. Please restrictan~!
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. Do not let the concern about business going elsewhere override your committment and
stand up for what is right.
Sincerely,
Irwin McCumber
Sincerely,
