Comment Text:
10-005
COMMENT
CL-02635
O. F. T. O.
OFF!OE OF THE SEORETARIAT
April 20, 2010
David Stawick, Secretary,
Commodity Futures Trading Commission
Three Layette Centre
1155
21
st
Street, NW
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
1500 contracts. Please 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,
Richard W. Beckman
