Comment Text:
10-005
COMMENT
CL-02631
April 19, 2010
O. ~:.L O.
Mr. David Stawick
01:~:t0E OF TFIE SEORET~\RI*~T
Secretary, Commodity Futures Trading Commission 2010 ~PR aG PPl t2 Sa
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
Thank you for this opportunity to comment on the issue of position limits for precious
metals. I have three requests:
1. Please establish a speculative position limit in COMEX silver of no more than 1500
contracts.
2. Please restrict any hedging exemptions from those limits as well to legitimate hedgers.
3. 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 the efforts to improve the integrity of our markets.
Sincerely,
1201 WEST CENTRAL AVENUE
DAVIDSONVILLE,
MD 21035
