Comment Text:
~PR-83-8818 11:57 FROrq'CDR
7183388~88
T0:12824185521
10-005
COMMENT
CL-02577
April 23, 2010
David Stawick, Secretary, Commodity
Futures Trading Commission
3 Lafavette Centre
1155 21
~
S~reet NW
Washinston, DC
20581
Fax: 202-4:t8-5521
Email-
metalshearing@cftc,gov.
RE:
Proposed Federal Speculative Position
Dear .Sir,
Thanks 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 1500 contracts.
Please restrict any hedsIn8 exemptions from those Ilmlts as well to lesItimate hedsers.
Please stop the levels of concentration in COMEX silver futures that have been experienced over
the past few years on the shor~ side of the market.
your efforts to Improve the Integrity of our markets.
er~ J. Palermo,
Pelican Road
Middletown, New Jersey 07748
