Comment Text:
10-005
COMMENT
CL-02398
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 11:12 AM
Metals Hearing
FW: Silver price manipulation
From:
Tim Melia [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 10:06 AM
To:
secretary
Subject:
Silver price manipulation
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.
Sincerely,
Regards
Tim Melia B.Sc (Hons) MBCS
For and on behalf of Melia Trading Co Ltd
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