Comment Text:
10-005
COMMENT
CL-02427
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 11:07 AM
Metals Hearing
FW: SILVER POSITION LIMITS
l=rom:
Jim Daugharthy [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 7:31 AM
To:
secretary
Subject: SILVER POSITION LIMITS
Dear Sir,
I watched intently the meeting you had on the possible manipulation of the metals markets. I am a
trader for my personal account and have over the years researched and studied all of the data. To me
it is clear that manipulation occurs in most markets but especially the silver market. Speculative
position concentration needs to limited but legitimate hedging should be allowed. Please consider a
speculative limit of 1500 silver contracts on the COMEX. There are many smaller investors that are
being taken advantage of. I am only asking that you uphold your duty to provide a fair and balanced
playing field free of market manipulation by a few. You owe it to the small guy.
Sincerely,
James A Daugharthy
