Comment Text:
10-005
COIMMENT
CL-02622
O. F.T.O.
OFFIOE OF THI~
SEORETARIAT
David Stawick
Secretau, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street, NW"
Washington, DC 20581
Dear Sir,
Thank you for the opportunity to comment on the issue of position
limits tbr precious metals. Please establish a speculative position
limit in COMEX silver of no more than 1500 contracts. Please
restrict any hedging exemptions fi'om 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,
