Comment Text:
10-005
COMMENT
CL-02568
Larry G. Lett
8005 Briatsvood Court
Fort Wayne, 1N 46815-6645
Phone: 260-749-1642
Emai!: lg[ettl @verizon.net
Friday, April 16, 2010
David Stawick, Secretary
Commodity Futures Trading Commission
Ttu'ee Lafayette Centre
1155 21
st
Street N.W.
Washington, DC 20581
Dear Sir,
Thank you for the opportunity to comment on the issue of position limits for precious
metals.
Please establish a speculative position limit in COMEX silver of no more than 1,500
contraets. Restrict any hedging exemptions from those limits as well to legitimate
hedgers..
Please stop the levels of concentration in COMEX silver futures that have been
experienced over the past few years on the short side of the market.
Thank you for all your efforts to improve the integrity of our markets.
Sincerely,
Larry G. Lett
