Comment Text:
10-005
COMMENT
CL-02202
From:
Sent:
To:
Subject:
John Burns
Wednesday, April 7, 2010 8:05 PM
Metals Hearing
public comment on silver position limits
Dear Sir:
I want to thank the commission for the openness of the hearing and the transparency it created on the issue of
precious metals position limits. I watched the entire video recording and parts of it several times.
am in favor of speculative position limits on gold and silver in the COMEX market. I see no reason to exceed
200 contracts and exemptions should be limited to legitimate hedgers. I did not understand why even current
limits were regularly ignored according to testimony in the hearing. Gold and silver have levels of short
speculation that is manipulating market prices for the benefit of a few. This needs to stop.
Thank you sincerely,
John and Carolynn Burns
private investors
8088 Hwy K171
Pittsburg, Kansas 66762
620-704-3392
