Comment Text:
10-005
COMMENT
CL-02310
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 1:27 PM
Metals Hearing
FW: Silver Position Limits
From: sean sanchez [mailto:[email protected]]
Sent: Wednesday, April 07, 2010 12:35 PM
To: secretary
Subject: Silver Position Limits
Dear CFTC,
I have been
recently following
the issue
of position
limits in the silver markets
closely and
tha n k 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.
Sincerely,
Sean Sanchez MD
