Comment Text:
10-005
COMMENT
CL-02069
From:
Sent:
To:
Subject:
secretary
Thursday, April 8, 2010 7:56 AM
Metals Hearing
FW: Public comment on the issue of position limits for precious metals
From:
Phil Morrison [mailto:[email protected]]
Sent: Thursday, April 08, 2010 5:09 AM
To:
secretary
Subject: Public comment on the issue of position limits for precious metals
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Dear Sir,
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. 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,
Philip W. Morrison
2704 Mt. Vernon Dr.
Midland, MI 48642
989 708 5313
[email protected]
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