Comment Text:
10-005
COMMENT
CL-02027
From:
Sent:
To:
Subject:
Eric Grose
Thursday, April 8, 2010 11:03 AM
Metals Hearing
A comment on the issue of position limits for precious metals
Dear Sir;
I was flabbergasted by the revelations of Andrew Maguire, the London
metals trader, who coached your CFTC through a massive manipulation of
the silver market in 2008. It is your obligation to stop this.
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.
Sincerely,
Eric Grose
119 Rainbow Dr # 1986
Livingston, TX 77399
