Comment Text:
10-005
COMMENT
CL-02184
From:
Sent:
To:
Subject:
Edward Pritzker
Wednesday, April 7, 2010 10:14 PM
Metals Hearing
metals
Dear Sir:
It was with great interest that I reviewed the testimonies of the recent hearings
by your organization regarding precious metals. It seemed obvious to me that
there has been manipulation of these markets which I understand is illegal.
Thank you for pursuing this investigation and for the opportunity to comment
on the issue of position limits for precious metals. I favor speculative
position limits in COMEX silver of no more than 1500 contracts and
restriction of any hedging exemptions from those limits to legitimate hedgers.
Please also 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.
In these days of lack of honesty in high places and at many levels it is
refreshing to see the CFTC carry out its responsibilities with integrity, honesty
and objectivity.
Sincerely,
Ed Pritzker
27350 Lakeland Rd
Morton, I1 64550
