Comment Text:
10-005
COMMENT
CL-02091
From:
Sent:
To:
Subject:
TAtkins
Thursday, April 8, 2010 7:26 AM
Metals Hearing
Metals Hearing Public Comment
Dear Sir;
I want to thank you for the opportunity to comment on the issue of position limits for precious metals. I listened to
the public hearing and would like to present my comments. I must say I am shocked at the current conditions
regarding position limits on shorting silver, It is aparent that there needs to be established speculative position
limits in COMEX silver of no more than around 1500 contracts. Why are the limits so large compared to other
commodities? Please also restrict any hedging exemptions from those limits to legitimate hedgers. It seems that
manipulation may be an ongoing issue when 2-3 large institutions can sell short so many contracts in an effort to
manipulate the price of silver downward. 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. I am also writing to my
Congressional Representatives regarding this issue.
Sincerely, Thomas Atkins
