Comment Text:
10-005
COMMENT
CL-02253
From:
Sent:
To:
Subject:
Kenney
Wednesday, April 7, 2010 3:44 PM
Metals Hearing
position limits on metals, silver
Ladies and Gentlemen of the CFTC:
Now that the end-game of all price suppression schemes ( a shortage followed by a huge short
squeeze) is becoming evident for silver (and gold), you may decide to try and prevent a
complete disaster by creating a major disaster instead. Good Luck! You will need it.
I agree with Ted Butler on what your ONLY option is: reducing position limits and enforcing
them by NOT allowing exemptions. Ted Butlers figure of 1500 contracts is based on reality
and I support both him and his reasoning, which need not be reiterated here.
Frankly, I don't think you are going to be able to prevent a default on the Comex. I wish you
luck trying.
Sincerely,
Jim Kenney
kenney@rtconnect, net
