Comment Text:
10-005
COMMENT
CL-02328
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 12:29 PM
Metals Hearing
FW: Precious Metals Market
From: JT [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 12:24 PM
To:
secretary
Subject:
Precious Metals Market
Dear Chairman Gensler and CFTC Commission:
Please accept our appreciation for the public meeting held on
March 25, 2010. This was truly a "step in the right direction".
Thank you for the opportunity to comment on position limits for
the precious metals, esp. the silver market. As stated in our
previous letter, please establish a speculative position limit in
COMEX silver of no more than 1500 contracts, and restrict
hedging exemptions only to legitimate hedgers.
Another area of concern is the concentration in COMEX silver
futures, on the short side of the market, that has been
experienced over the past several years. We feel that this
concentration has restricted the true value of silver in the supply
and demand market, and this restriction has been not in the
interests of the miners or investors.
Respectfully
Dr. and Mrs. J.P. Tyson
P.O. Box 1999
Pottsboro, Texas 75076
