Comment Text:
10-005
COMMENT
CL-02278
From:
Sent:
To:
Subject:
Jonathan Schroeder
Wednesday, April 7, 2010 2:49 PM
Metals Hearing
Comment on position Limits (Gold & Silver)
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals. Please establish a
speculative position limit in COMEX silver of no more than/500 contracts. Please restrict any hedging
exemptions from those limits to legitimate hedgers. 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 would only ask that you establish rules that treat equally both silver longs and the silver shorts. Neither
side should have the ability to influence the free market price of an ounce of silver. If you apply and enforce
the rules for both longs and shorts, I believe the market will establish a fair price for an ounce of silver.
Sincerely,
Jonathan Schroeder
34021 Grand River Ave.
Farmington, MI
