Comment Text:
10-005
COMMENT
CL-02336
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 12:28 PM
Metals Hearing
FW: Position Limits For Precious Metals
From:
Edward Forth [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 12:02 PM
To:
secretary; [email protected]; [email protected]
Subject:
Position Limits For Precious Metals
Secretary to the Commission,
C FTC.,
Three Lafayette Centre,
1155 21stStreet NW,
Washington DC 20581,
United States of America.
Dear Sir,
Subject:- Position limits for precious metals
Though I live in England, what happens on COMEX affects not just Americans but precious metals
investors throughout the world. The scandalous and pernicious manipulation which has existed on
COMEX for many, many years is something which all honest men hope will now, at last, be brought to
an end. Of course, only the Commision itself is in a position to do that!
I wish to strongly urge the Commision to immediately enact the following:-
1. Establish and enforce a speculative position limit in COMEX Silver of no more than 1500 contracts.
2. Restrict any hedging exemptions to that limit to legitimate hedgers only.
3. Prohibit completely the outrageously manipulative and longstanding levels of concentration in
COMEX Silver futures on the short side of the market.
If ever there was a time when men and women of honour needed to step up to the plate and do the
right thing, it is now!
Yours faithfully,
T. E. Forth
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