Comment Text:
10-005
COMMENT
CL-02354
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 12:24 PM
Metals Hearing
FW: Position limits for precious metals
From:
z nipppon [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 11:39 AM
To:
secretary
Subject:
Position limits for precious metals
Dear Sir;
I would like to personally thank you for holding the recent hearings on the issue of position limits
for precious metals. I believe it is vital to the free market system that a speculative position limit in
COMEX silver of no more than 1500 contracts be established and enforced by the CFTC. Also, I
would request that that any exemptions to this new limit be granted to only legitimate hedgers.
Please act now to stop the excessive short of silver COMEX positions that has dominated the
market over the last decade.
Sincerely,
Brad Wells
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