Comment Text:
10-005
COMMENT
CL-02369
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 12:22 PM
Metals Hearing
FW: COMEX POSITION LIMITS
From:
[email protected] [maJlto:[email protected]]
Sent:
Wednesday, April 07, 2010 11:19 AM
To:
secretary
Subject:
COMEX POSITION LIMITS
Dear Sir;
Thank for the opportunity to comment on 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.
The CFTC's mission is to protect market users and the public from fraud, manipulation, and abusive
practices related to the sale of commodity and financial futures and options, and to foster open,
competitive, and financially sound futures and option markets.
Please execute your mission, this is total disregard of free markets; allowing a few large
institutions to have a massive control of the silver market.
Sincerely,
Nicholas Santucci
875 East 22nd Street, #322
Lombard, IL 60148
312 933 9639
