Comment Text:
10-005
COMMENT
CL-02463
From:
Sent:
To:
Subject:
Wicks Family
Thursday, April 1, 2010 8:41 PM
Metals Hearing
Silver-Short Selling
Dear Sirs,
I hope that your investigation into silver COMEX trading will take a good look at the naked short positions that
artificially drove the market past the point of reason during the fall of 2008. The massive naked short positions
that some of the major U.S. banks &/or brokerage houses held during this time disrupted the silver trade severely
and was much beyond normal market trading dynamics. The "paper" contracts sold in no way resembled the
physical availability. I do not understand if this is even legal and appreciate your investigation of the matter.
Sincerely,
Tom Wicks
