Comment Text:
10-005
COMMENT
CL-02584
April 12, 2010
Mark S. Grunewald
OFFIOE
OF
Ti-IE
SEORETARIAT
e-mail: [email protected]~/}l~} R~
tel.: 951-217-9951
fax.:951-351-~6rl,
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Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Re: Position Limits for Precious Metals Market
Dear Gentlemen:
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
contracts.
Please restrict any hedging exemptions from those limits 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 sale of the market.
