Comment Text:
10-005
COMMENT
CL-02374
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 11:16 AM
Metals Hearing
FW: Position limits for precious metals
From:
Samouce, Jerome A [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 11:09 AM
To:
secretary
Subject:
Position limits for precious metals
Dear Sir,
Thank for the opportunity to comment on the issue of position limits for precious metals.
We who own some Real Silver (Physical Silver) have invested our hard earned money into
something REAL in an effort to be untangled in false paper asset markets which have crashed over
and over again as of late and endangered our very economy. We have invested in Real Physical
Silver for security reasons in this economy, just to have our potential "Natural Market Profits"
undermined/stolen from us, due to the flooding of market with paper silver "100 to 1" naked short
positions of predator banks such as JPMorgan. Please enforce the law by establishing a speculative
position limit in COMEX silver of no more than 1500 contracts upon these banks. 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,
Jerry Samouce
April 7, 2010
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