Comment Text:
10-005
COMMENT
CL-02368
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 12:22 PM
Metals Hearing
FW: Instructions for the CFTC - PM Position Limits
From:
Bobby C. Sines [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 11:21 AM
To: [email protected]; Dunn, Michael; Chilton, Bart; Sommers, Jill; Lavik, A. Roy; [email protected];
Obie, Stephen J.; Gensler, Gary; secretary
Subject:
Instructions for the CFTC - PM Position Limits
Dear Sirs,
Thank for the opportunity to address 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,
RCS
