Comment Text:
10-005
COMMENT
CL-02291
From:
Sent:
To:
Subject:
KRIS ASSALEY
Wednesday, April 7, 2010 2:06 PM
Metals Hearing
Position Limits
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 1500 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. If nothing is done I feel there will be major problems in the market that
could lead to a huge black eye for the CFTC.
I urge you to do the right thing, and follow the laws that you are there to up hold. The last thing
the USA needs is another huge Madoff like scandal, this time in the precious metals, with the CFTC
in the spotlight.
Sincerely,
Kris Assaley
