Comment Text:
10-005
COMMENT
CL-02329
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 12:29 PM
Metals Hearing
FW: Silver Position Limits, Exemptions, & Consentration
From:
Rayburn Blair [mailto:[email protected]]
Sent: Wednesday, April 07, 2010 12:23 PM
To:
secretary
Subject: Silver Position Limits, Exemptions, & Consentration
Dear Sirs, I very much appreciate the opportunity of this comment on the huge problem of position
limits in the precious metals market. You would do an immeasurable service to our country by
establishing a speculative position limit in COMEX silver of no more than 1400 or 1500 contracts.
Also, please restrict any hedging exemptions, from the new limit, to LEGITIMATE hedgers only. The
levels of concentration, especially in COMEX silver futures, on the short side, over the past few years,
has set the markets and the nation up for a terrible calamity if not stopped. My Thanks, Rayburn Blair
