Comment Text:
10-005
COMMENT
CL-02515
From:
Sent:
To:
Subject:
James
Thursday, March 25, 2010 10:18 PM
Metals Hearing
metals position limits
To the CFTC:
RE:
metals position limits
I am in favor of position limits. In order to ensure confidence and stability in the metals futures markets
some level of flexible position limits must be put in place.
This is not about price discovery but fair and transparent markets.
To allow unlimited commercial short open interest is not consistent with fair and free markets, will
ultimately create a default in the futures market, disconnect the price between physical and paper, and
invite charges of fraud and manipulation.
Ultimately the truth will out.
Thank you.
James Napolitano
