Comment Text:
10-005
COMMENT
CL-02199
From:
Sent:
To:
Subject:
John Tate
Wednesday, April 7, 2010 8:20 PM
Metals
Hearing
Without Free Markets
WE ARE DOOMED!
Dear CFTC:
Thanks to the CFTC for the opportunity of being able to comment upon position limits for precious
metals. You are a breath of fresh air, having in public fashion, addressed this topic.
There will never be a better time => Please establish a speculative position limit in COMEX silver of no
more than 1500 contracts. Please restrict hedging exemptions from those limits to
le@itimatehedgers.
The
levels of concentration in COMEX silver futures that have been experienced over the past few years on the
short side of the market are outrageous and egregious. Along with other parties, the little guy has been
literally plundered by large banking interests. Please take this point in time to correct this iniustice. You will
have a large community of investors behind you.
Like the character, Ripley, said in the movie
Aliens:.
{If you don't do something...}
"You ca,justfo~getallthis
other stu~..."
Inotherwords, without the restoration of free markets, this country and probably the entire
planet are doomed. Without free markets, this country's economy will continue to deteriorate. I trust you
are considering doing what's right before God and before men. The proud history of our country warrants
such courageous action. I wish you well and Godspeed, sirs.
Best Wishes,
John C. Tare
