Comment Text:
10-005
COMMENT
CL-02052
From:
Sent:
To:
Subject:
David
Thursday, April 8, 2010 9:11 AM
Metals Hearing
re: Transparency in Silver
Dear Sir;
My wife and I are on Social Security. We are doing all we can to stay solvent. We have a little
invested in silver and have had for years. Things are not right in the silver market and we can do
nothing to make it right. Your commission on the other hand have all the information and authority
to force the biggest players to follow the rules. The rules have a purpose and it is not for the
benefit of large institutions to rip off the little guys over and over again.
Please do the job that the "people" have intrusted you with.
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.
Sincerely,
David
