Comment Text:
10-005
COMMENT
CL-02488
From:
Sent:
To:
Subject:
Thomas DeLaat
Tuesday, March 30, 2010 10:36 PM
Metals Hearing
position limits
To Those Who Oversee the Metals Markets,
Iam concerned with the blatant and clearly stated paper leverage in the metals markets. 100 to 1
leverage on paper to physical is too much. Iapplaud you in addressing this issue, and implore you
to stand strong and move forward with sensible limits on short/long positions. That 2 big banks
can hold such a large short position in the silver market is an obvious compromise of the spirit of a
free market.
You must know that problems can only be pushed down the road so long before they blow up. It is
time to seriously address this issue now, before a blowup in the silver market occurs.
Sincerely,
Thomas DeLaat
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