Comment Text:
10-005
COMMENT
CL-02496
From:
Sent:
To:
Subject:
[email protected]
Monday, March 29, 2010 2:01 PM
Metals Hearing
Metal Position Limits
Dear CFTC Commissioner,
The abuses that occur in the Silver market are literally criminal in its acts. How is it you have a limit on how
many futures contracts can go LONG but no limits on the SHORTS. Im a simple man but doesn't that favor 1
side over the other?? Does this not create MANIPULATION in one direction only?
personally wanted to buy physical silver 8 months ago when the posted price was $9.00/ounce I couldn't find
any physical silver under $13/ounce. This for the average man would indicate that the PAPER price of Silver
(So the big boys can scoop the cash) was low but the reality of the market wasn't even close to $9.
Please show the courage to do the job you were hired to do and enforce rules which stop this blatant
manipulation.
Thank You,
Rick Ebaugh
410 Claremont St
Dearborn, Mi 48124
(313) 563-8144 Fax (313) 563-3862
